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SkyTerra Appoints Marc Montagner as Executive Vice President of Strategy, Development and Distribution

^{Published on 2009-02-25 14:52:13, Last Modified on 2009-02-25 14:53:16 - Market Wire}
 

RESTON, Va.--([ BUSINESS WIRE ])--SkyTerra (OTCBB:SKYT) today announced that Marc Montagner was appointed Executive Vice President, Strategy, Development and Distribution. Until recently, Mr. Montagner was Managing Director and Co-Head of the Global Telecom, Media and Technology Merger and Acquisition Group of Banc of America Securities. Previously, Mr. Montagner was Senior Vice President of Corporate Development and Mergers and Acquisitions at Nextel, and then Sprint Nextel. Prior to Nextel, Marc was a Managing Director in the Telecom and Media Group at Morgan Stanley. Marc started his career in the telecom industry at France Telecom where, in his last position, he was responsible for strategy and development in North America.

At SkyTerra, Mr. Montagner will be responsible for business strategy, the development of strategic relationships and all aspects of distribution of SkyTerra products.

"Marc brings over 20 years of partnering and transaction experience to SkyTerra," said Alexander H. Good, Chairman, CEO and President of SkyTerra. "His accomplishments demonstrate an outstanding track record in structuring successful ventures as well as successfully directing mergers and acquisitions. I am delighted to add this world-class talent to the senior management team."

"SkyTerra holds a unique opportunity in the wireless sector that has the potential to revolutionize the mobile communications industry," said Montagner. "I am truly excited to join SkyTerra at this juncture and look forward to working to achieve the next critical steps in its business plan."

Mr. Montagner holds a Master in Business Administration degree, with specialization in finance, from Columbia University, and a Master of Science degree in Electrical Engineering from Ecole Nationale Supérieure des Télécommunications in Paris, France.

SkyTerra is developing an integrated satellite-terrestrial communications network, based on SkyTerra's patented ancillary terrestrial component (ATC) technology. The company expects its next-generation network will provide seamless, transparent and ubiquitous wireless coverage of the United States and Canada to conventional handsets. SkyTerra plans to launch two of the most powerful commercial satellites ever built that will enable this network to support communications in a variety of market segments including public safety, homeland security, telematics, transportation and entertainment, by providing a platform for interoperable, user-friendly and feature-rich voice and high-speed data services.

SkyTerra Communications Inc. (OTCBB:SKYT) is a joint venture between SkyTerra LP and SkyTerra (Canada) Inc.

About SkyTerra Communications ([ www.skyterra.com ])

SkyTerra Communications (OTCBB:SKYT) delivers mobile wireless voice and data services primarily for public safety, security, fleet management and asset tracking in the U.S. and Canada. The company's next-generation integrated satellite-terrestrial communications network is expected to provide seamless, transparent and ubiquitous wireless coverage of the United States and Canada to conventional handsets. When completed, the network will support communications in a variety of market segments, including public safety, homeland security, telematics, transportation and entertainment, by providing a platform for interoperable, user-friendly and feature-rich voice and high-speed data services.

Statement under the Private Securities Litigation Reform Act

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to plans described in this news release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words. Such forward-looking statements are subject to uncertainties relating to the ability of SkyTerra to raise additional capital or consummate a strategic transaction or deploy the next generation system, as well as the ability of SkyTerra to execute its business plan. We assume no obligation to update or supplement such forward-looking statements.