Vicom, a provider of satellite services and metropolitan fiber circuits in Brazil, is a subsidiary of Net Servicos de Comunicacao S/A. ("NET").

Under the agreement, which was signed following regulatory approval by Anatel, Comsat has acquired 100% of the outstanding shares of Vicom, as well as use of certain fiber optic infrastructure owned by NET.

Comsat and Vicom together will offer a full range of network services to enterprises and carriers, including:

Satellite-based VSAT and SCPC services throughout Brazil; Metropolitan fiber transport services in major cities of Brazil; Digital video broadcasting services; Local, national and regional frame relay networks on their own backbone; Digital leased lines; and IP-based Virtual Private Networks (VPNs) using their fiber-based terrestrial and satellite networks covering all of Brazil, and interconnected to Comsat's pan-American fiber based network.

In addition, Vicom is a leading provider of engineering, installation, maintenance and repair services for the satellite and terrestrial communications sector in Brazil.

Vicom currently operates a fully equipped repair laboratory for component-level repair of sophisticated telecommunications equipment, staffed by certified technicians, and has technical field services resources available in 22 cities throughout the country.

Comsat intends to continue to offer these services and grow this line of business regionally using its established base throughout Latin America.

"With the acquisition of Vicom, Comsat is now the leading satellite service provider in Brazil. The combined companies' range of products and services will be unique in the country, offering the most complete choice for corporate and carrier customers.

Coupled with Vicom's successful and growing fiber-based operations, and the corresponding right to use key metropolitan fiber networks across Brazil, this acquisition has us very excited." said George Kappaz, CEO, Comsat International.

"Comsat has significantly strengthened its already well-established track record and capability for providing corporations and telecommunications carriers with comprehensive solutions to their high speed connectivity, data and voice network requirements."

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