Primus Telecommunications Group Inc. reported earnings results for first quarter ended March 31, 2008. For the quarter, the company reported net loss of $2,999,000 or $0.02 loss per share on net revenues of $226,601,000 compared to net loss of $2,642,000 or $0.02 loss per share on net revenues of $227,020,000 for the same period a year ago. The $4 million revenue increase as compared to the prior quarter was comprised of a $3 million increase in wholesale services revenue and a $1 million increase in retail services revenue. The growth in retail services revenue reflects continued increases from high-margin broadband, VOIP, local, wireless, data and hosting revenues, which, for the first time in over nine quarters, exceeded the decline in legacy voice and dial-up Internet services revenue. The company reaffirmed its earnings guidance for full year of 2008. For the period, the company is targeting an Adjusted EBITDA range of between $65 million and $80 million.

Primus Telecommunications Group Inc., Q1 2008 Earnings/Operating Results Call, May-05-2008

Primus Telecommunications Group Inc. revised earnings results for the fourth quarter and full year ended December 31, 2007. For the quarter, the company revised earnings results from net loss of $4,733,000 to net income of $1,514,000 and from net revenue of $223,551,000 to $222,523,000. The company revised adjusted EBITDA from $20,468,000 to adjusted EBITDA of $17,004,000. For the year, the company revised earnings results from net income of $9,489,000 to net income of $15,736,000 and from net revenue of $903,211,000 to $902,183,000. The company revised adjusted EBITDA from $66,991,000 to adjusted EBITDA of $63,527,000. These revisions to the financial results previously announced on February13, 2008 primarily relate to: The establishment of reserves as a result of ongoing tax audits related to the Company´s former European prepaid services operations. Although no assessment of taxation has been received to date specific to these matters, after evaluation of tax auditor inquiries, further internal investigation, review of available documentation and consultation with local tax advisors, management concluded it was appropriate to accrue an obligation for a possible assessment of value added and payroll taxes; and The completion of accounting for income taxes, including the impact of FIN No. 48, Accounting for Uncertainty in Income Taxes.