To change the account settings in Windows Live Mail you go to "Accounts" and then rightclick the account on the left side and choose "Properties":

Under "General" you can set your emaila address, your name and a reply-to email:

Under "Servers" you can set the server settings. Below are the correct settings to use when using Space2u for in and outgoing, however you will need to enter the correct values on the respective line. You can also use IMAP if you prefer.

Under "Advanced" you should set it up as below. If you use IMAP instead of POP3 you should use port 993 instead of the 995 like in the picture:

Then press "OK" and your account is ready to be used.