The Hague, The Netherlands, August 25, 2005 - New Skies Satellites B.V., the global satellite communications company, today announced that it has entered into an agreement to sell its Australian subsidiary, New Skies Networks PTY Limited, which owns and operates two teleports in Adelaide and Perth, Australia, to Multiemedia Limited, a provider of next generation technology and communications services based in Australia, for US$10 million. The transaction, which is subject to customary closing conditions, is expected to close in late October 2005.