THE HAGUE, Netherlands, May 7, 2003 – New Skies Satellites N.V. (AEX, NYSE: NSK), the global satellite communications company, today reported financial results for the three month period ended March 31, 2003. Revenues for the quarter were $52.0 million, EBITDA(1) (earnings before interest, taxes, depreciation and amortization) was $29.0 million, and net income was $3.6 million.

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