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Alcatel Space wins Euro 148 million contract to design and build
Koreasat 5 Satellite is part of South Korea's new high-capacity
spacecom system 

Paris, June 10, 2003 - Alcatel Space announced today it has signed a
Euro 148 million contract with KT Corporation (formerly Korea
Telecom) and the Korean Agency for Defense Development (ADD) to build
South Korea's first civil and military communications satellite,
Koreasat 5. Alcatel Space will supply both the multimission satellite
and its ground control system, along with launch and early operations
phase (LEOP) support. 

Based on the new-generation Spacebus 4000 platform from Alcatel
Space, Koreasat 5 will feature a state-of-the-art broadband payload,
including new technologies developed within the scope of the Syracuse
III program. 

With 36 transponders in Ku-band, C-band (civil) and SHF band
(military), Koreasat 5 will deliver advanced broadband multimedia and
digital television transmission services, along with conventional
telecom services to operators in the Asia-Pacific region.

"I would like to extend my sincere thanks to the Republic of Korea,
KT Corporation and the Agency for Defense Development for having
chosen Europe to build the Koreasat 5 system," noted Pascale
Sourisse, Chairman and CEO of Alcatel Space. "This contract is the
culmination of unstinting efforts by everybody at Alcatel, since KT
Corporation and ADD first announced their decision in favor of our
technology back in December. At the same time, it confirms Alcatel
Space's leading role as a supplier of both civil and military
spaceborne communications systems." 

About Alcatel Space

Alcatel Space is the world's third largest satellite manufacturer and
Number 1 in Europe. Deploying extensive dual expertise in civil and
military applications, Alcatel Space develops satellite solutions for
telecommunications, navigation, radar and optical observation,
meteorology and science. The company is also the leading European
prime contractor for earth observation, meteorology and navigation
ground segments, and for space system operation. A wholly-owned
subsidiary of Alcatel, Alcatel Space had sales of 1.3 billion euros
in 2002. For more information, visit the Alcatel Space website:
www.alcatel.com/space

About Alcatel

Alcatel (Paris: CGEP.PA and NYSE: ALA) provides end-to-end
communications solutions, enabling carriers, service providers and
enterprises to deliver content to any type of user, anywhere in the
world. Leveraging its long-term leadership in telecommunications
network equipment as well as its expertise in applications and
network services, Alcatel enables its customers to focus on
optimizing their service offerings and revenue streams. Alcatel
operates in more than 130 countries, and posted sales of 16.5 billion
euros in 2002.

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