M TEL<08266> - Results Announcement (Q1, 2004/2005, Summary)

Mobile Telecom Network (Holdings) Limited announced on 13 August 2004:
(stock code: 08266 )

Year end date                         :31/03/2005
Currency                              :HKD
Auditors' report                      :N/A
Review of 1st Quarterly Report by     :Audit Committee

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 01/04/2004   from 01/04/2003
                                         to 30/06/2004     to 30/06/2003
                                               HK$'000           HK$'000

Turnover                              :          5,463               600
Profit/(Loss) from Operations         :        (1,204)           (2,203)
Finance cost                          :           (17)              (17)
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     :        (1,247)           (2,220)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :   (HKD 0.0028)      (HKD 0.0056)
          Diluted (in dollar)         :           N/A                N/A
Extraordinary (ETD) Gain/(Loss)       :             0                  0
Profit (Loss) after ETD Items         :        (1,247)           (2,220)
1st Quarterly Dividends per Share     :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 1st Quarterly 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
                                       (bdi: both days inclusive)

                                       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.      Basis of preparation

Mobile Telecom Network (Holdings) Limited (the "Company") was
incorporated in the Cayman Islands on 25 May 2000 as an exempted
company with limited liability under the Companies Law of the Cayman Islands.
The Company's shares were listed on Growth Enterprise Market ("GEM") of
the Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 9 May 2003.
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
methods of computation used in the preparation of these quarterly
accounts are consistent with those used in the preparation of the
Group's annual accounts for the year ended 31 March 2004.
2.      Turnover

The Group is principally engaged in the development, provision and sale
Tof mobile Internet communication telecommunications and related services
in Hong Kong and other Asian countries.  Revenues recognised during the period
are as follows:
                                              For the     For the
                                              three       three
                                              months      months
                                              ended 31    ended 31
                                              June        June
                                              2004        2003
                                              HK$'000     HK$'000
Sales of MobileSurf-installed pocket                -         140
personal computers and computer accessories

Subscription fees from provision of                 5          14
MobileSurf service

Service fees from provision of mobile data      5,458         398
solutions and related services

Fees for development of customised software         -           -

Fees for provision of mobile messaging              -          48
                                                5,463         600
3.      Loss per share

The calculation of the basic loss per share for the three months ended
30 June 2004 is based on the unaudited net loss attributable to
shareholders for the three months ended 30 June 2004 of approximately
HK$1,247,000 (three months ended 30 June 2003: 2,220,000) and on the
weighted average number of approximately 440,000,000 shares in issue
for the three months ended 30 June 2004 (three months ended 30 June
2003: 394,065,934 shares).
No diluted loss per share is presented as there was no dilutive potential
ordinary share during the periods.
4.     Dividend

The directors do not recommend the payment of an interim dividend for
the three months ended 30 June 2004 (three months ended 30 June 2003: