M TEL<08266> - Results Announcement (Q2, 2005/2006, Summary)

Mobile Telecom Network (Holdings) Limited announced on 14 November 2005:
(stock code: 08266 )

Year end date                         :31/03/2006
Currency                              :HKD
Auditors' report                      :N/A
2nd 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 01/04/2005   from 01/04/2004
                                         to 30/09/2005     to 31/09/2004
                                                 $'000             $'000

Turnover                              :          8,375            10,602
Profit/(Loss) from Operations         :        (1,485)           (2,142)
Finance cost                          :           (65)              (35)
Share of Profit/(Loss) of Associates  :            (5)                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :              0               N/A
Profit/(Loss) after Taxation & MI     :        (1,209)           (2,393)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :   (HKD 0.0026)      (HKD 0.0054)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :              0                 0
Profit (Loss) after ETD Items         :        (1,209)           (2,393)
2nd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd 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
These unaudited condensed consolidated accounts are prepared in
accordance with Hong Kong Accounting Standard ("HKAS") 34:
Interim Financial Reporting, issued by the Hong Kong Institute of
Certified Public Accountants ("HKICPA"). These unaudited condensed
consolidated accounts should be read in conjunction with the 2005
annual accounts.
The accounting policies adopted for the preparation of these unaudited
condensed consolidated accounts are consistent with those used in the
annual accounts for the year ended 31 March 2005 except that the Group
has changed certain of its accounting policies following the adoption
of new/revised Hong Kong Financial Reporting Standards ("HKFRSs")
and Hong Kong Accounting Standards ("HKAS") (collectively referred to
as "new HKFRSs")which are relevant to its operation and effective for
accounting periods commencing on or after 1 January 2005.
2. Turnover
                                        For the          For the
                                        six              six
                                        months           months
                                        ended 30         ended 30
                                        Sept             Sept
                                        2005             2004
                                        HK$'000          HK$'000
Subscription fees from provision of           -                7
MobileSurf service
Service fees from provision of mobile     8,375           10,595
data soulution and related services
                                          8,375           10,602
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 six months ended 30 September 2005
(six months ended 30 September 2004:Nil)
No provision for overseas(the PRC, Singapore and Australia) income taxes
has been made as the Group operating in these countries were operating
at a loss during the six months ended 30 September 2005
(six months ended 30 September 2004:Nil)
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 six months ended 30 September 2005 (2004:Nil).
5. Loss per share
The calculation of the basic loss per share is  based on the unaudited
net loss attributable to equity holders of the parent for the six
months end 30 September 2005 of approximately HK$1,209,000
(2004: HK$2,393,000) and on the weighted average number of
approximately 458,771,851 shares in issue for the six months ended
30 September 2005 (2004: 440,502,164 shares)
No diluted loss per share is presented as there was no dilutive
potential ordinary shares during the periods.