Hong Kong Gets DBS Service

2/20/2003 2:42 AM Eastern

Intelsat and Television Broadcasts Ltd. (TVB) plan to launch a
direct-broadcast satellite service in Hong Kong, which will offer a range of
Cantonese and other Chinese-language programming supplied by TVB.

Intelsat will put up $53 million in cash and $16.5 million worth of
transponder capacity, while TVB will invest $25.2 million in cash and $324
million worth of programming over three years.

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VR 20/20

The Times Center, New York, NY