This interview is a small excerpt from a comprehensive interview published in The Wall Street Transcript as part of the Technology Sector, available at (001-212-952-7433) or http://www.twst.com/sectors/techno.html

TWST: Could we begin with a brief overview of New Skies (NYSE:NSK), including the history behind the company?

Mr. Goldberg: New Skies Satellites is a fixed satellite service provider and is one of just four companies whose satellite fleets can offer these services on a global basis. We were spun out of a company called INTELSAT in November 1998, which is one of our competitors and also one of the four global fixed satellite service providers. At that time INTELSAT was an intergovernmental organization (IGO) with signatories in 143 different countries around the world and it had certain competitive advantages vis-à-vis the private commercial companies that it was competing with in the satellite industry. For instance, INTELSAT as an IGO had governmental immunity, preferential market access and wasn't subject to certain regulatory requirements or taxation. I am telling you this because in 1998, certain competition authorities, principally the US government, decided that it was no longer appropriate to have an intergovernmental organization like INTELSAT providing commercial satellite services and they started pressuring INTELSAT to privatize. We were the first chapter in INTELSAT'S privatization process. They took about a quarter of their total assets, five of their satellites, and spun these assets out to a new company, New Skies Satellites. The satellites were about 50 percent full, which is to say that half their capacity was leased by customers and producing revenue. Based in The Netherlands, New Skies started with a completely clean balance sheet, which put us in a good position and the company at that time had, on a pro forma basis, revenues of about $117 million a year. INTELSAT itself has now finished its privatization process. While INTELSAT gave us these wonderful assets, which is to say these five satellites with global coverage generating significant revenue and absolutely no debt, they did not give us any personnel or infrastructure and so for the past three years we have been working very hard to build an infrastructure around an ongoing operating business. So, during this time we have opened sales offices around the world and we have staffed up our company and currently have roughly 265 people. But, we didn't just build around the business they transferred us, we expanded significantly upon the foundations that we had inherited. Today we have three new satellites under construction, two of which will be launched this year. We obtained rights to use additional orbital locations, which is very important for a satellite operator, and we had a successful initial public offering. We are now listed on the New York Stock Exchange and on the Euro Next Exchange here in the Netherlands and we have focused like a laser on the financial performance of this company. We have grown our revenues significantly from the $117 million dollars that the satellites were generating in November 1998 to $209 million at the end of 2001. The business that we are in is transmitting the communications of our customers. About 40% of our revenues are derived from video transmission, about 30% from transmitting IP traffic and the other 30% from transmitting corporate data for inter-corporate networks and some voice services. There are still some voice services that satellites are used for although much of that business has moved to fiber over the past ten years. From a geographic perspective, our revenues are very well balanced. North America is the largest contributor, but we also see significant revenue contribution from Latin America, Europe and India, the Middle East and Africa. We are truly a global business operating regional offices around the world, generating revenues from literally almost every country in the world and employing a highly multinational staff to appeal to our multinational customer base.

TWST: Who are the other companies in the competitive landscape?

Mr. Goldberg: There is New Skies, INTELSAT, PanAmSat, which is a US company and there is now SES Global, which is the merger of what used to be known as SES ASTRA with the satellite business of General Electric GE America. Loral also provides satellite services in many parts of the world, but some of their global reach is through joint venture arrangements.

TWST: Head to head, what would you point to as the particular advantages, the USP if you will, that differentiates New Skies?

Mr. Goldberg: Our USP is that certainly some of our satellites have technical characteristics in coverage areas that aren't matched by what some of our competitors have. Sometimes that can be because our competitors don't have a satellite that serves a particular area or because they have a satellite that serves an area but just no available capacity on it. Also, I would say we are smaller than the others and in some ways that can be seen as a disadvantage, but it is also a great advantage in that we are more nimble. We are more customer oriented and focused and at the end of the day when you have two satellites that are capable of doing the same thing, having the confidence as a customer that your provider understands your business and is committed to your success often makes a difference in securing the business.