M TEL<08266> - Results Announcement (Q3, 2003/2004, Summary)

Mobile Telecom Network (Holdings) Limited announced on 9 February 2004:
(stock code: 08266 )

Year end date                         :31/03/2004
Currency                              :HKD
Auditors' report                      :N/A
Review of 3rd Quarterly Report by     :Audit Committee & Auditors

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at

                                           (Unaudited)       (Unaudited)
                                              Current Last Corresponding
                                                Period            Period
                                       from 01/04/2003   from 01/04/2002
                                         to 31/12/2003     to 31/12/2002
                                               HK$'000           HK$'000

Turnover                              :          6,656             3,362
Profit/(Loss) from Operations         :        (6,315)           (6,649)
Finance cost                          :           (48)              (36)
Share of Profit/(Loss) of Associates  :              0                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :        (6,483)           (6,685)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :   (HKD 0.0153)      (HKD 0.0205)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :              0                 0
Profit (Loss) after ETD Items         :        (6,483)           (6,685)
3rd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 3rd Quarter Dividends   :            N/A
Payable Date                          :            N/A
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A

                                       For and on behalf of
                                       Mobile Telecom Network (Holdings) Limited
                            Signature :
                                 Name :Yip Heung Yin
                                Title :Company Secretary

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

1.      Principal accounting policies

The unaudited condensed consolidated accounts are prepared under the
historical cost convention, in accordance with generally accepted
accounting principles in Hong Kong and comply with accounting 
standards issued by the Hong Kong Society of Accountants.

The accounting policies and menthods of computation used in the 
preparation of these quarterly accounts are consistent with those used
in preparation of the Group's annual accounts for the year ended 31 
March 2003, except that the Group has adopted the new and revised 
Hong Kong Statements of Standard Accounting Practice ("SSAPs") which 
became effective on or after 1 January 2003. The adoption of these 
new and revised SSAPs has no material effect on the Group's results.

2.      Turnover

                                              For the     For the
                                              nine        nine
                                              months      months
                                              ended 31    ended 31
                                              Dec         Dec
                                              2003        2002
                                              HK$'000     HK$'000
Sales of MobileSurf-installed pocket              465         454
personal computers and computer accessories
Subscription fees from provision of                35          86
MobileSurf service
Service fees from provision of mobile data      5,949       1,354
solutions and related services
Fees for development of customised software       136       1,348
Fees for provision of mobile messaging             71         120
                                                6,656       3,362

3.      Taxation

No provision for Hong Kong profits tax has been made in the accounts, 
as the Group had no estimated assessable profits arising in or 
derived from Hong Kong for the nine months ended 31 Dec 2003 (nine 
months ended 31 Dec 2002: Nil).

No provision for overseas (the PRC, Singapore, Taiwan, and the USA) 
income taxes has been made as the Group was operating at losses
in these countries for the nine months ended 31 Dec 2003 
(nine months ended 31 Dec 2002: Nil).

Taxation in the unaudited condensed consolidated profit and loss
account represents the withholding taxes which have been calculated
at the rates of tax prevailing in the areas in which the Group
operates, based on existing legislation, interpretation and 
practices in respect thereof.

There was no material unprovided deferred taxation for the
periods under review (2002: Nil).

4.     Dividend

The Directors do not recommend the payment of an interim dividend 
for the nine months ended 31 Dec 2003 (nine months ended 31 Dec 
2002: Nil).

5.      Loss per share

The calculation of the basic loss per share for the three months 
period and nine months period is based on the unaudited net loss
attributable to shareholders for the three months and nine months 
ended 31 Dec 2003 of approximately HK$1,902,000 and HK$6,483,000 
(2002: HK$2,731,000 and HK$6,685,000) and on the weighted average 
number of approximately 440,000,000 shares and 424,800,000 shares 
in issue for the three months and nine months ended 31 Dec 2003 
(2002: 325,936,000 shares and 325,889,000 shares).

No diluted loss per share is presented as there was no dilutive
potential ordinary shares during the periods.