Vodafone Australia Completes Service Rollout AcrossEntire Country.

Business Editors and Technology Writers

NEW YORK--(BUSINESS WIRE)--May 10, 2000

Wireless telephone service now available to the 95%

of Australian landmass currently without cellular coverage

Vodafone Australia, Globalstar's service provider partner in Australia,

Globalstar is now the only wireless telephone service in Australia offering true national coverage.

With the inauguration earlier this month of two new gateways in Meekatharra and Mt. Isa, joining Vodafone's original gateway in Dubbo, all of Australia, including Tasmania, is now served by Globalstar service, which can also be used throughout the country's offshore territorial waters.

Installation of the two final gateways was completed several weeks ahead of schedule, bringing the number of operational, revenue-generating Globalstar gateways to 15 across five continents, with commercial service available in 38 countries. By the end of June, the company expects 22 gateways to be in operation, with commercial service in 50 countries.

About Globalstar

Globalstar, led by founding partner Loral Space & Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including co-founder Qualcomm Incorporated, Alenia, ChinaTelecom (HK), DACOM, DaimlerChrysler Aerospace, Elsacom (a Finmeccanica Company), Hyundai, TE.SA.M (a France Telecom/Alcatel company), Space Systems/Loral, and VodafoneAirTouch. For more information, visit Globalstar's web site at www.globalstar.com.

Loral Space & Communications (NYSE:LOR) is the managing partner and, at 40 percent, is the largest equity owner of Globalstar. Loral is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and content services, Internet services, and international direct-to-home satellite services. For more information, visit Loral's web site at www.loral.com.