THE HAGUE, Netherlands, May 5, 2004 – New Skies Satellites N.V. (AEX, NYSE: NSK), the global satellite communications company, today reported financial results for the first quarter ended March 31, 2004. Revenues for the quarter were $51.9 million, EBITDA(1) was $26.4 million, and net income was $0.1 million, or $0.00 diluted earnings per share.

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