Making the announcement in Mexico City, PanAmSat CEO Joe Wright said, "We
are always exploring innovative ways to bring badly-needed connectivity to
Mexico. de
C.com.
Readers are cautioned that all forward-looking statements involve
risks and uncertainty .

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This relationship with Pegaso Banda Ancha is the result of our nearly
six-year-old joint venture with Grupo PEGASO and enables us to play a
significant role in the broadband revolution going across the region. PanAmSat de Mexico has
offices in Mexico City, Mexico, and is the exclusive provider of PanAmSat
satellite services within Mexico. Visit TMM's web site at
www.

statistical independence

In total , the Company's in-orbit fleet is capable of reaching over 98 percent
of the world's population through cable television systems, broadcast
affiliates, direct-to-home operators, Internet service providers and
telecommunications companies.

factbook antilles

colony westernmost

S. Such forward-looking statements speak only as of the
date they are made and are based on the beliefs of the Company's
management as well as on assumptions made.

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PanAmSat Joins Grupo PEGASO to Bring Internet and Other Broadband Services to
Mexico by Satellite

MEXICO CITY, PanAmSat (NYSE: PA)
announced today that it has made an equity investment and intends to grow its
relationship with Mexico's Pegaso Banda Ancha, a Grupo PEGASO company.

About PanAmSat de Mexico
PanAmSat de Mexico is a Mexican company that is 49 percent owned by
PanAmSat Corporation and 51 percent owned by Corporativo W.

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PanAmSat was also the first FSS operator to supply space segment to
the e-Mexico program, which brings Internet connectivity to 3200 locations
within 2445 municipalities across Mexico. The Atlanta teleport is PanAmSat's
primary satellite transmissions gateway to Africa, Europe, Latin America and
North America. It provides crucial turnaround services between the Atlantic
Ocean Region and the U.com

Included in this press release are certain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. The following factors could cause actual
results to differ materially from such forward-looking statements:
global, US and Mexican economic and social conditions; the effect of
the North American Free Trade Agreement on the level of US-Mexico
trade; the condition of the world shipping market; the success of the
Company's investment in KCS; and other new businesses; risks
associated with the Company's reorganization and restructuring; the
timing of the receipt of any amounts in respect of TFM's pending claim
for a refund of certain value added taxes; the outcome of pending
litigation relating to the obligation to repurchase shares of TFM
owned by the Mexican Government and the ability of the Company or its
subsidiaries to fund any such purchase if required to do so; the
ability of the Company to reduce corporate overhead costs; the ability
of management to manage growth and successfully compete in new
businesses; and the ability of the Company to restructure or refinance
its indebtedness.

independence arable

Javier Segovia, president of TMM, commented, "Although we will not
know if we have won the second bid for a couple of weeks, TMM is
confident that it has presented a very competitive bid for this
additional contract.

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Through the e-Mexico service,
citizens across the country can access Internet-based government, education,
business and healthcare applications .

About Grupo PEGASO
Grupo PEGASO is a Mexican consortium headed by Alejandro Burillo Azcarraga
that is involved in key activities such as telecommunications, banking, real
estate , media content, sports and culture. The Company is
currently participating in a second bid for an additional five-year
contract with Pemex. As stated before, we recently participated in and
won a bidding process for the short-term chartering of three
additional product tankers to Pemex, which will represent an
additional $3 million in EBITDA for 2005, and which reinforces TMM's
competitive position in the coastline distribution of Pemex products.
Pemex has also indicated their plans to renew their product tanker
fleet through the bid of long-term charters of Mexican flag vessels,
and TMM plans to participate in this process now underway.

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Through its branch offices and network of
subsidiary companies, TMM provides a dynamic combination of ocean and
land transportation services.

castro cuba

With
72 transponders, it offers an expanded and enhanced reach throughout the
Americas, the Caribbean, Europe and Africa.

demographics independence

Actual results could differ
materially from those included in such forward -looking statements.

factbook favorable

We hope that through our investment in Pegaso Banda Ancha that Mexico and the
entire region will begin to enjoy even more advanced communications services. In addition, PanAmSat supports the largest
concentration of satellite-based business networks in the U.
(NYSE:TMM)(BMV:TMMA ), a Mexican multi-modal transportation and
logistics company, today announced that its Specialized Maritime
division was awarded a five-year product tanker contract with Pemex,
representing approximately $47.

1959 lanic

"
Hosted on PanAmSat's PAS-1R satellite, Pegaso Banda Ancha offers
residential customers and corporations high-speed Internet access and IP
interconnectivity via satellite at a price that is directly competitive with
similar terrestrial offerings.
Through the expansion of the joint venture, PanAmSat also has had an
instrumental role in Mexico's Enciclomedia program, a government -sponsored
Internet connectivity service for elementary schools."

Headquartered in Mexico City , TMM is a Latin American multi-modal
transportation Company.

A former Spanish colony, Cuba achieved independence in 1898.

geography castro

"
PanAmSat's PAS-1R Atlantic Ocean Region spacecraft is a Boeing 702, one of
the world's largest, most powerful commercial geostationary satellites. For
more information , visit the Company's Web site at http://www.

It is the largest country in the Caribbean, and the westernmost island of the Greater Antilles.

statistical factbook

Grupo TMM Awarded Long-Term Contract With Pemex

A revolution in 1959 resulted in a socialist republic led by Fidel Castro.

independence statistical

Launched in February 2005, Pegaso Banda Ancha provides direct and flexible
Internet connectivity to both corporate -- including Internet Service
Providers (ISP) -- and residential markets throughout Mexico.com, S. de R.5 million in revenue.

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Customers such as Televisa, TV
Azteca, Caminos y Puentes Federales de Ingresos (CAPUFE) the Secretaria de
Comunicaciones y Transportes (SCT), Telecomunicaciones de Mexico, Comsat and
Multivision have utilized PanAmSat 's fleet for television program delivery as
well as VSAT data services in Mexico and throughout the world for many years.A.

caribbean resulted

"
Grupo PEGASO and PanAmSat aligned in 2000 to form PanAmSat de Mexico ,
Mexico's first service provider authorized to use non-Mexican satellites,
which provides video , data and Internet services as well as broadband capacity
to customers throughout Mexico. As of today , Grupo PEGASO
holds investments in more than 30 noteworthy national and international
companies .L.

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V.

Business Editors/Transportation Writers

MEXICO CITY----Grupo TMM, S.

Natural resources include metal ores, arable land, and a favorable position for tourism and maritime trade.

castro demographics

"We're delighted
to expand our relationship with PanAmSat through this investment in our
company and in our future.
Added Wright, "Mexico and the Latin American market are areas with which
our company has a very long and rich history. Grupo PEGASO started operations in
1994 having set as its main objective the merging of technology and
telecommunications for the country's development.

About PanAmSat
Through its owned and operated fleet of 2 satellites, PanAmSat (NYSE: PA )
is a leading global provider of video, broadcasting and network distribution
and delivery services .

An island located between the Caribbean Sea and the North Atlantic Ocean, 150 km (90 miles) south of Key West, Florida.

demographics statistical

PanAmSat Invests in Pegaso Banda Ancha as Broadband Takes off in Mexico and Across Latin America

, a holding company created by Mr. It transmits nearly 2,000 television channels worldwide
and, as such, is the leading carrier of standard and high-definition signals., as well as
specialized communications services in remote areas throughout the world. These risk factors and additional information are
included in the Company's reports on Form 6-K and 20-F on file with
the United States Securities and Exchange Commission.

achieved portuguese

This service will
deliver Internet connectivity to over 13,000 elementary schools in the
country. Alejandro Burillo, majority owner of
the private equity investment firm Grupo Pegaso.grupotmm.

fidel achieved

"Prior to PanAmSat's equity investment in Pegaso Banda Ancha, we already
enjoyed an excellent business relationship with the Company, utilizing
PanAmSat's PAS-1R as the means to provide Pegaso Band Ancha's services in
Mexico," said Javier Braun Burillo, CEO, Pegaso Banda Ancha.panamsat.