TRICOM, S.A. AND SUBSIDIARIES
                     Consolidated Statement of Operations
                              (In US$ Thousands)

                                          Three-Months Ended
                                             September 30,
                                         2004            2005
                                     (Unaudited)     (Unaudited)

    Total operating revenues           $49,199         $55,145

    Operating costs and expenses:
     Cost of sales and services         24,245          22,491
     Selling, general and
      administrative expenses           15,343          20,652
     Depreciation and amortization      20,931          15,319
     Other operating expenses            2,057           2,115
      Total operating costs
       and expenses                     62,576          60,576

      Operating income (loss)         (13,377)         (5,432)

    Other income (expenses):
     Interest expense, net            (14,950)        (16,176)
     Foreign currency
      exchange gain (loss)             (3,993)             536
     Other, net                          4,921             936
      Other expenses, net             (14,022)        (14,704)

      Earnings (Loss)
       before income taxes            (27,399)        (20,135)

     Income taxes, net                    (80)            (90)

      Net earnings (loss)            $(27,479)       $(20,225)

     Earnings (Loss) per
      common share                     $(0.43)         $(0.31)

    Average number of common
     shares used in calculation         64,603          64,603


                                           Nine-Months Ended
                                             September 30,
                                         2004            2005
                                     (Unaudited)     (Unaudited)

    Total operating revenues           133,491         165,548

    Operating costs and expenses:
     Cost of sales and services         67,341          66,325
     Selling, general and
      administrative expenses           37,879          59,101
     Depreciation and amortization      57,133          47,374
     Other operating expenses            6,604           5,163
      Total operating costs
       and expenses                    168,957         177,963

      Operating income (loss)         (35,466)        (12,416)

    Other income (expenses):
     Interest expense, net            (44,348)        (49,105)
     Foreign currency
      exchange gain (loss)             (2,120)            (55)
     Other, net                          5,005           1,495
      Other expenses, net             (41,463)        (47,665)

      Earnings (Loss)
       before income taxes            (76,929)        (60,081)

     Income taxes, net                   (200)           (270)

      Net earnings (loss)            $(77,129)       $(60,351)

     Earnings (Loss) per
      common share                     $(1.19)         $(0.93)

    Average number of common
     shares used in calculation         64,603          64,603