Telio 4Q VoIP Update

• Telio had 144k subscribers at end 4Q07. Total increase of 4k during 4Q07
• Majority of customers (102k) in Norway
• Revenues: NOK 94.3 million, were up 7% from NOK 89.2 million in 3Q07
• Average monthly revenue per subscriber NOK 268
• Average monthly gross profit per subscriber NOK 173.4 (up from NOK 162.8 in 3Q07).
• Passed 1,000 lines to the SMB market
• 2008 focus area: Mobile VoIP