EXHIBIT 10.7

                             UNIVERSAL INDEPENDENT HOLDINGS LIMITED
                                           PO BOX 438
                                      TROPIC ISLE BUILDING
                                          WICKHAMS CORY
                                            ROAD TOWN
                                             TORTOLA
                                     BRITISH VIRGIN ISLANDS

         Capital Media (UK) Limited                           31 October 1996
         25 Jane Street
         London WIM 5HY

         Dear Sirs

         FINANCINGS ARRANGEMENTS BY OURSELVES ("UNIVERSAL INDEPENDENT HOLDINGS
         LIMITED") IN RESPECT OF THE LEASE OF A TRANSPONDER FROM PTT TELECOM BV
         TO YOURSELVES CAPITAL MEDIA (UK) LIMITED (THE "LEASE").

         We refer to the financing arrangements in respect of the Lease and in
         particular the Security Assignment, the Debenture and the Counter
         Indemnity (the "Documents") which you granted in our favour as security
         in respect of such financing.

         We confirm that it is our intention if circumstances remain as they are
         at the date hereof that although the Documents refer to all monies
         owing from yourselves to ourselves that such all monies provision will
         secure only the monies outstanding to us under the Counter Indemnity
         which you entered into in favour of ourselves (including all costs and
         expenses) as there are no other obligations outstanding between us as
         far as we are aware at the date hereof.

         This letter is governed and shall be construed in accordance with the
         laws of England.


         Signed for and on behalf of



         /s/
         --------------------------------------
         UNIVERSAL INDEPENDENT HOLDINGS LIMITED



         Accepted and Agreed


         /s/ CHARLES KOPPEL
         --------------------------------------
         CAPITAL MEDIA (UK) Limited