M TEL<08266> - Results Announcement (Q3, 2004/2005, Summary)

Mobile Telecom Network (Holdings) Limited announced on 07 February 2005:
(stock code: 08266 )

Year end date                         :31/03/2005
Currency                              :HKD
Auditors' report                      :N/A
3rd Quarterly Report Reviewed 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 01/04/2004   from 01/04/2003
                                         to 31/12/2004     to 31/12/2003
                                                 $'000             $'000

Turnover                              :         16,043             6,656
Profit/(Loss) from Operations         :        (2,530)           (6,315)
Finance cost                          :           (49)              (48)
Share of Profit/(Loss) of Associates  :           (12)                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :        (3,072)           (6,483)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :     (HKD 0.007)       (HKD 0.0153)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :        (3,072)           (6,483)
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
                                       (bdi: both days inclusive)

For and on behalf of
Mobile Telecom Network (Holdings) Limited

Signature :
Name      : FOK CHI TAK

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 principal accounting policies adopted in preparing the unaudited
consolidated results of the Group conform with accounting principles
generally accepted in Hong Kong and accounting standards issued by
the Hong Kong Society of Accountants.
2.      Turnover

                                              For the     For the
                                              nine        nine
                                              months      months
                                              ended 31    ended 31
                                              Dec         Dec
                                              2004        2003
                                              HK$'000     HK$'000

Sales of MobileSurf-installed pocket                -         465
personal computers and computer accessories

Subscription fees from provision of                 7          35
MobileSurf service

Service fees from provision of mobile data     16,036       5,949
solutions and related services

Fees for development of customised software         -         136
Fees for provision of mobile messaging              -          71
                                               16,043       6,656
3.      Taxation
No provision for Hong Kong profit tax has been made in the accounts,
as the Group had no assessable profits arising in or derived from
Hong Kong during the nine months ended 31 December 2004 and
31 December 2003.
No provision for overseas(the PRC, Singapore, Taiwan and the USA)
income taxes has been made as the Group operating in these countries
were operating at a loss during the nine months end 31 December 2004
and 31 December 2003.
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.
No provision for deferred taxation has been made as the Group did not
have any significant unprovided deferred tax in respect of the periods.
4.     Dividend

The Directors do not recommend the payment of a dividend for the
nine months ended 31 December 2004 (nine months ended 31 December 2003:
5.      Loss per share

The calculation of basic loss per share is based on the unaudited
net loss attributable to shareholders for the nine months ended 31
December 2004 of approximately HK$3,072,000 (nine months ended 31
December 2003: HK$6,483,000), and on the weighted average number
of approximately 441,017,354 shares in issue for the nine months
ended 31 December 2004 (nine months ended 31 December 2003: 424,800,000)

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