Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact: Robert C. Lewis
Senior Vice President and General Counsel
SkyTerra Communications, Inc.
19 West 44th Street, Suite 507
New York, New York 10036
(212) 735-7540
info@skyterracom.com

    SkyTerra Communications, Inc. Announces Results of Stockholders Meeting
    and Redemption of Preferred Stock through Completion of Rights Offering

         New York, NY, July 26, 2006--SkyTerra Communications, Inc. (OTCBB:
SKYT) (the "Company") announced today that its stockholders overwhelmingly
re-elected all of the members of the Board of Directors, approved the new 2006
Equity and Incentive Plan and ratified the appointment of Ernst & Young as the
Company's independent registered public accounting firm for the year ending
December 31, 2006 at yesterday's annual meeting.

         In addition, the Company also announced that it had successfully
completed the redemption of all of the Company's outstanding Series A Preferred
Stock for aggregate cash and common stock consideration equal to the $120
million liquidation preference of the preferred stock (the "Redemption"). A
total of approximately $18.0 million in cash was paid to redeem the preferred
stock along with the issuance of approximately 5.7 million shares of voting and
non-voting common stock of the Company. The Redemption is a condition to
closing of the pending transactions to consolidate majority ownership and
control of Mobile Satellite Ventures LP (the "MSV Joint Venture") and its
corporate general partner under the Company. Closing of those transactions is
currently expected to occur during the current fiscal quarter, pending
regulatory approvals.

         The approximately $18.0 million in cash paid in connection with the
Redemption was generated from the completion of the rights offering that the
Company launched on June 22, 2006 (the "Rights Offering") which resulted in the
sale of approximately 1.0 million shares of the Company's common stock at
$18.00 per share through exercised basic and oversubscription rights. The
remaining outstanding shares of the Company's Series A Preferred Stock were
redeemed through the issuance of 2.4 million shares of the Company's voting and
3.2 million shares of its non-voting common stock to the preferred
stockholders, in accordance with the Company's May 2006 agreement with the
preferred stockholders, reflecting nearly the entire balance of the Rights
Offering, in which 6.67 million shares were sold. In accordance with
pre-existing agreements, the Company issued voting common stock to Apollo
Investment Fund IV, L.P. and certain affiliated funds so that their voting
power did not exceed a previously agreed to 29.9% threshold, and issued the
remainder in the form of non-voting common stock.

         Immediately following the completion of the Rights Offering and the
Redemption, the Company will have 24.6 million shares of common stock
outstanding and no shares of Series A Preferred Stock outstanding.

Statement under the Private Securities Litigation Reform Act:

This press release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act. Such statements generally include
words such as could, can, anticipate, believe, expect, seek, pursue, proposed,
potential and similar words and terms in connection with futures results,
including the transactions described in this press release. Such
forward-looking statements are subject to the following uncertainties: the
ability of the parties to obtain the necessary regulatory approvals, including
without limitation, actions by the Federal Communications Commission and other
factors impacting the parties' ability to consummate the transactions. We assume
no obligation to update or supplement such forward-looking statements.