Mobile Satellite Ventures (MSV) and its joint venture partner, MSV Canada, announced that it had reached an agreement with Boeing to accelerate the deployment of its two North American satellites, which will form the backbone of its satellite-cellular wireless communications network.

The agreement will move up, by approximately eight months, the construction, launch and operations of each of the two North American satellites, with the launch of the United States satellite scheduled for mid-2009 and the Canadian satellite in early 2010. The two satellites will replace and expand upon the current MSAT satellite system operated by MSV and MSV Canada and offer consumers advanced wireless communications services available. The development of the third satellite for South America, MSV-SA, has been deferred to the third delivery position for the MSV system.

“Our decision to amend the agreement reflects a need in the marketplace to focus on North America as a priority in launching an advanced ubiquitous network solution and reflects a better return on our investment for our shareholders,” said Alexander Good, vice chairman, CEO and president of MSV in a statement.

MSV originally announced in January 2006 that it entered into an agreement with Boeing to build three next generation L-band satellites to enable commercial mobile satellite service using integrated space and terrestrial elements, beginning with the launch of MSV-SA.

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