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                                                                    EXHIBIT 23.3
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
     We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statement on Form S-3 dated April 27, 1998
of Loral Space & Communications Ltd. of our report on the financial statements
of the fixed satellite service business of Telecomunicaciones de Mexico (the
"Predecessor Company" of Satelites Mexicanos, S.A. de C.V.) dated December 15,
1997, except for Note 9 which is as of January 5, 1998, and our report on the
balance sheet of Satelites Mexicanos, S.A. de C.V. dated December 15, 1997,
except for Note 9 which is as of January 5, 1998, which appear in the Current
Report on Form 8-K of Loral Space & Communications Ltd. dated January 13, 1998.
 
Price Waterhouse
 
Mexico City
April 27, 1998