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Distributed: June 24, 2008

AUDIO: M2 Telecommunications Group Limited ASX: MTU - M2 Announces Wholesale Agreement With People Telecom - Mr Vaughan Bowen, Managing Director

WWW:www.m2.com.au
(ABN) Company Overview

Sydney, June 24, 2008 (ABN Newswire) - M2 Telecommunications Group Limited (ASX: MTU) - M2 Announces Wholesale Agreement with People Telecom - Mr Vaughan Bowen, Managing Director; M2 Telecommunications Group Limited (ASX: MTU) present the following audio webcast regarding "MTU - M2 Announces Wholesale Agreement with People Telecom - Mr Vaughan Bowen, Managing Director". You may also download this audio webcast to your computer or portable audio player.

Broadcaster: M2 Telecommunications Group Limited (ASX: MTU)

Broadcast Title: MTU - M2 Announces Wholesale Agreement with People Telecom - Mr Vaughan Bowen, Managing Director

Broadcast Type: Audio stream

Audio webcast Link:

Listen to the Audio stream and view the announcement for M2 Telecommunications Group Limited (ASX: MTU) below.

http://abnnewswire.net/vlnk/6F2RW532

This Audio Cast is based on streaming audio sent in compressed form over the internet and displayed as it arrives. You do not have to wait for the whole file to be downloaded before you can hear it, instead the media is sent in a continuous stream and is played immediately as it reaches your computer. Please note that during live broadcasts there can be a delay of approximately 1-2 minutes, depending on traffic through your Internet Service Provider.

Minimum requirement for playing the multimedia links are; at least a 28.8k modem and sufficient memory and hard disk space to run Windows Media Player or Real Player. In addition, some media links contain material requiring the ability to run Flash Multimedia.

About M2 Telecommunications Group Limited

Established in 1999, M2 Telecommunications Group Limited (ASX:MTU) is Australia's largest network independent provider of fixed-line, mobile and data telecommunications services. M2 is head-quartered in Melbourne and employs approximately 160 people nationwide. M2 also provides fixed-line and 3G mobile services in New Zealand.

Within its "M2 Telecom" business division, M2 offers a suite of unique bundled telecommunications services and value added offerings targeted principally at the small enterprise market, distributed through an exclusive trans-Tasman network of sales dealerships, agencies and through targeted on-line marketing ventures (www.simplymobiles.com.au and www.greenmobiles.com.au). M2 Telecom also incorporates Southern Cross Telco, an established retail and small enterprise targeted telco, acquired by M2 in October 2007.

"M2 Wholesale" is the other core business division of M2, in which wholesale telecommunications services are supplied to small and medium sized telecommunications service providers and Internet Service Providers (ISP's). M2 Wholesale was launched in mid 2006 following M2's appointment by Optus as its exclusively endorsed aggregator/enabler of Optus mobile services. As a further boost to its wholesale operations, in May 2007 M2 completed the purchase of Australia's largest independent data wholesaling business, Wholesale Communications Group Pty Ltd (WCG), followed by the acquisition of Commander Communication's established wholesale network services company, Unitel Australia Pty Ltd in February 2008.

M2's consolidated revenues now exceed A$160 million (annualised), approximately evenly shared between M2 Telecom and M2 Wholesale. On the basis of the successful completion of M2's acquisition of People Telecom Limited (ASX:PEO) in mid April 2009, annualised group revenues are expected to surpass A$250 million.

M2 has a proven track-record of