M TEL<08266> - Results Announcement (Q1, 2006/2007, Summary)

Mobile Telecom Network (Holdings) Limited announced on 11 August 2006:
(stock code: 08266 )

Year end date                         :31/03/2007
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 01/04/2006   from 01/04/2005
                                         to 30/06/2006     to 30/06/2005
                                                 $'000             $'000

Turnover                              :          7,732             3,855
Profit/(Loss) from Operations         :            206             (938)
Finance cost                          :            (2)              (13)
Share of Profit/(Loss) of Associates  :            120              (22)
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            (1)               N/A
Profit/(Loss) after Taxation & MI     :             39             (695)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :    HKD 0.00008       HKD (0.0015)
          Diluted (in dollar)         :    HKD 0.00008               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :            39              (695)
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 ERIC
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) Earning Per Share
	
The calculation of the basic earning per share is based on the profit
attributable to the equity holders of the Company for the three months
period ended of approximately HK$ 39,000 (2005: loss of
approximately HK$ 695,000), and on the weighted average number of
approximately 472,811,363 ordinary shares (2005: 451,002,403 ordinary
shares)in issue during the three months period ended 30 June 2006.
	
The calculation of diluted earning per share is based on the profit
attributable to the equity holders of the Company for the three months
period ended of approximately HK$ 39,000. The weighted average number
of shares used in calculation is 475,341,363 ordinary shares in issue
during the three months period ended 30 June 2006.
	
A diluted loss per share amount for the three months period 30 June 2005
has not been disclosed as share options outstanding during the period
had anti-dilutive effects on the basic loss per share for the period.
	
	
2) Basic Of Preparation
	
The unaudited consolidated financial statements of the Company have
been prepared in accordance with Hong Kong Financial Reporting
Standards ("HKFRS"), which also include Hong Kong Accounting
Standards ("HKAS") and Interpretations ("Int") issued by the Hong
Kong Institute of Certified Public Accountants, accounting principles
generally accepted in Hong Kong and the disclosure requirements of
the Hong Kong Companies Ordinance. The unaudited consolidated
financial statements have been prepared under the historical cost
convention.
	
The accounting policies and methods of computation used in the
preparation of the quarterly financial statements are consistent
with those used in the annual financial statements for the year
ended 31 March 2006.