Telscape International, Inc.
                         Earnings Per Share Calculation
                        Three Months Ended June 30, 1997
								
								
Treasury stock method - weighted average price		3.13
Period beginning date			                  4/1/97	
Last day in period				                 6/30/97				
Number of days in period		                      91				
								
						                                             Weighted
								 Total 	    Outstanding		 No. of	 Average		
Description		                 Shares	    From    To	     Days	 Shares		
Common Stock:								
  Balance at 1/1/97		         3,935,969   4/1/97 5/22/97	  52     2,249,125
  Balance at 5/23/97             3,951,797  5/23/97 5/23/97    1        43,426
  Balance after stock repurchase 3,868,438 	5/24/97	6/30/97	  38     1,615,392
								
Retroactive treatment								
  Options granted 								
    Shares 				            16,205 						
    x option price		              0.80 						
     / average market price		      3.13 						
     Treasury shares		         4,142						
     Equivalent shares		        12,063  4/1/97	6/30/97	  91        12,063 		
								
    Shares                          54,000 						
    x option price		              2.25 						
     / average market price		      3.13 						
     Treasury shares		        38,818						
     Equivalent shares		        15,182  4/1/97	6/30/97	  91	    15,182		
								
    Shares                          75,000 						
    x option price		              1.35 				
     / average market price		      3.13 				
     Treasury shares		        32,348 				
     Equivalent shares		        42,652  4/1/97	6/30/97	  91	    42,652 
						
    Shares 					        50,000 				
    x option price                    3.00 				
     / average market price		      3.13 				
     Treasury shares		        47,923 				
     Equivalent shares		         2,077  4/1/97	6/4/97	  65	     1,483
						
Warrants outstanding						
  Shares	                       150,000				
    x exercise price		          2.94 				
     / average market price	          3.13 				
     Treasury shares		       140,775 				
     Equivalent shares		         9,225 	4/1/97	6/30/97	  91         9,225 		
								
								
    Total average shares and equivalent shares outstanding			 3,988,549
								
    Net income for the period						                   537,855
								
    Net income per average share outstanding						      0.13
								
	
	
                         Telscape International, Inc.
                         Earnings Per Share Calculation
                         Six Months Ended June 30, 1997
								
								
Treasury stock method - weighted average price				3.088				
Period beginning date				                       1/1/97				
Last day in period				                          6/30/97				
Number of days in period				                      181				
								
						                                            Weighted		
                     		    Total 	  Outstanding	   No. of	Average		
Description		                Shares	  From	  To	   Days	    Shares		
Common Stock:								
 Balance at 1/1/97		        3,935,969  1/1/97 5/22/97   142	    3,087,887	
 Balance at 5/23/97             3,951,797 5/23/97 5/23/97     1        21,833 
 Balance after stock repurchase 3,868,438 5/24/97 6/30/97    38	      812,158		
								
Retroactive treatment								
  Options granted 								
    Shares              	       16,205						
    x option price		             0.80 						
     / average market price	         3.09 						
     Treasury shares		        4,198 						
     Equivalent shares		       12,007 1/1/97  6/30/97   181	       12,007		
								
    Shares          		       54,000 						
    x option price		             2.25		
     / average market price		     3.09 						
     Treasury shares		       39,346						
     Equivalent shares		       14,654 1/1/97  6/30/97   181	       14,654 		
								
    Shares          		       75,000						
    x option price		             1.35 				
     / average market price		     3.09 				
     Treasury shares		       32,788 				
     Equivalent shares		       42,212 1/1/97  6/30/97	181	       42,212 
						
    Shares          		       50,000 				
    x option price		             3.00 				
     / average market price		     3.09 				
     Treasury shares		       48,575 				
     Equivalent shares		        1,425 3/21/97 6/4/97	 76	          598 
						
						
Warrants outstanding						
  Shares		                  150,000 				
    x exercise price		         2.94 				
     / average market price		     3.09 				
     Treasury shares		      142,689 						
     Equivalent shares		        7,311 1/1/97  6/30/97   181	        7,311		
								
								
    Total average shares and equivalent shares outstanding			3,998,660		
								
    Net income for the period					                      213,897		
								
    Net income per average share outstanding						     0.05 		


                          Telscape International, Inc.
                         Earnings Per Share Calculation
                        Three Months Ended June 30, 1996
								
								
Treasury stock method - weighted average price		4.72
Period beginning date			                  4/1/96	
Last day in period				                 6/30/96				
Number of days in period		                      91				
								
						                                             Weighted
								 Total 	    Outstanding		 No. of	 Average		
Description		                 Shares	    From    To	     Days	 Shares		
Common Stock:								
  Balance at 12/31/95	         1,890,442   4/1/96 6/30/96	  91     1,890,422
  Shares issued at 4/30/96           1,000  4/30/96 6/30/96   62           681 
  Shares issued at 5/17/96          16,205  5/17/96 6/30/96   45         8,013  
  Shares issued at 5/17/96       1,605,000  5/17/96 6/30/96   45       793,681
  Shares issued at 5/29/96          12,500 	5/29/96	6/30/96	  33         4,533
								
Retroactive treatment								
  Options granted 								
    Shares 				            98,689 						
    x option price		              0.80 						
     / average market price		      4.72 						
     Treasury shares		        16,727						
     Equivalent shares		        81,962  4/1/96	6/30/96	  91        81,962 		
								
    Shares                          31,164 						
    x option price		              6.42 						
     / average market price		      4.72 						
     Treasury shares		             0						
     Equivalent shares		             0
    					
Warrants outstanding						
  Shares	                       525,000				
    x exercise price		          8.00 				
     / average market price	          4.72 				
     Treasury shares		        	 0			
     Equivalent shares		             0
								
    Total average shares and equivalent shares outstanding			 2,779,313
								
    Net income for the period						                  (206,486)
								
    Net income per average share outstanding						     (0.07)
								
	
	
                         Telscape International, Inc.
                         Earnings Per Share Calculation
                         Six Months Ended June 30, 1996
								
								
Treasury stock method - weighted average price				 3.95				
Period beginning date				                       1/1/96				
Last day in period				                          6/30/96				
Number of days in period				                      182				
								
						                                            Weighted		
                     		    Total 	  Outstanding	   No. of	Average		
Description		                Shares	  From	  To	   Days	    Shares		
Common Stock:								
  Balance at 12/31/95	         1,890,442   1/1/96 6/30/96	 182     1,890,422
  Shares issued at 4/30/96           1,000  4/30/96 6/30/96   62           341
  Shares issued at 5/17/96          16,205  5/17/96 6/30/96   45         4,007
  Shares issued at 5/17/96       1,605,000  5/17/96 6/30/96   45       396,841
  Shares issued at 5/29/96          12,500 	5/29/96	6/30/96	  33         2,266
								
Retroactive treatment								
  Options granted 								
    Shares              	       98,689						
    x option price		             0.80 						
     / average market price	         3.95 						
     Treasury shares		       19,988 						
     Equivalent shares		       78,701 1/1/96  6/30/96   182	       78,701		
								
    Shares              	       31,164 						
    x option price		             6.42		
     / average market price		     3.95 						
     Treasury shares		            0 						
     Equivalent shares		            0
						
Warrants outstanding						
  Shares		                  525,000 				
    x exercise price		         8.00 				
     / average market price		     3.95 				
     Treasury shares		            0 						
     Equivalent shares		            0
								
    Total average shares and equivalent shares outstanding			2,372,598		
								
    Net income for the period					                     (387,594)		
								
    Net income per average share outstanding						    (0.16)