M TEL<08266> - Results Announcement (Q1, 2005/2006, Summary)

Mobile Telecom Network (Holdings) Limited announced on 12 August 2005:
(stock code: 08266 )

Year end date                         :31/03/2006
Currency                              :HKD
Auditors' report                      :N/A
1st 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
http://www.hkgem.com

                                           (Unaudited)       (Unaudited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/04/2005   from 01/04/2004
                                         to 30/06/2005     to 30/06/2004
                                                 $'000             $'000

Turnover                              :          3,855             5,463
Profit/(Loss) from Operations         :          (903)           (1,204)
Finance cost                          :           (13)              (17)
Share of Profit/(Loss) of Associates  :           (22)                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :          (695)           (1,247)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :   HKD (0.0015)      HKD (0.0028)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :          (695)           (1,247)
1st Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 1st 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
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.

Remarks:
	
1.      Principal accounting policies

The accounts have been prepared under the historical cost convention
in accordance with accounting principles generally accepted in
Hong Kong and comply with accounting standards issued by the Hong Kong
Institute of Certified Public Accountants ("HKICPA")
	
	
2.      Turnover

                                              For the     For the
                                              three       three
                                              months      months
                                              ended 30    ended 30
                                              June        June
                                              2005        2004
                                              HK$'000     HK$'000

	
	

Subscription fees from provision of                 -           5
MobileSurf service

Service fees from provision of mobile data      3,855       5,458
solutions and related services

                                                3,855       5,463
	
	
	
3.      Taxation
	
No provision for Hong Kong profits tax has been made in the account,
as the Group had no estimated assessable profits arising in or
derived from Hong Kong during the three months ended 30 June 2005
(three months ended 30 June 2004:Nil)
	
No provision for overseas(the PRC, Singapore and the USA) income taxes
has been made as the Group operating in these countries were operating
at a loss during the three months ended 30 June 2005 and 30 June 2004.
	
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 an interim dividend for
the three months ended 30 June 2005 (three months ended 30 June 2004:
Nil).
	
	
5.      Loss per share

The calculation of the basic loss per share is based on the unaudited
net loss attributable to shareholders for the three months ended 30
June  2005 of approximately HK$695,000 (three months ended 30 June 2004:
HK$1,247,000), and on the weighted average number of approximately
451,002,403 shares in issue for the three months ended 30 June 2005
(three months ended 30 June 2004: 440,000,000 shares)

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