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Telio 1Q08 VoIP Update

Telio had 148.9k subscribers at end 1Q08. Total increase of 4,210 during 1Q08.

• Majority of customers (104,854) in Norway.

• Revenues: NOK 94.3 million, same as in 4Q07.

• Average monthly revenue per subscriber NOK 261

• Serving 1,900 VoIP lines to the SMB market.

• Mobile VoIP, new company focus

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