Foreign exchange (Gain) / Loss includes Rs 487.30 lacs representing the exchange difference arising during the period from Buyers Credit Facility (Loan in foreign currency from foreign bank).

During the quarter the Company has deposited the entry fee of Rs 15,175 lacs with The Department of Telecommunication ('DOT') for the use of GSM.
Technology in addition to CDMA technology being used under the existing Unified Access Services Licence ('UASL') for the Punjab Service Area. The USAL has
since been amended to incorporate the license for use of GSM technology on January 15, 2008 vide DOT's letter number.
F.No.10-15/2004/BS.II/HITL/ Punjab/17 dated January 15, 2008, however the allocation of radio spectrum is still awaited.

Information on investors' complaints for the quarter is as following: Opening balance: Nil, New: One, Disposal: One, Closing,Balance: Nil.

The company is operating in a single segment viz.providing unified telephony services.

Previous period/years' figures have been reclassified, wherever necessary, to make them comparable with those of the current period.

Above results have been reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on January 31, 2008.