Telio 2Q08 VoIP Update

• Telio had 151.7k subscribers at end 2Q08. Total increase of 2,972 during 2Q08.

• Majority of customers (107,826) in Norway.

• Revenues: NOK 96.7 million.

• Average monthly revenue per subscriber NOK 261 same as in 1Q08.

• Added 1,600 new SMB lines during Q2. Serving 3,000 VoIP lines to the SMB market.