<PAGE>


                          SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C.   20549
                                           
                                     FORM 10-QSB
                                           
                                           
               [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) 
                        OF THE SECURITIES EXCHANGE ACT OF 1934
                                           
                     FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1997
                                           
                                          OR
                                           
               [ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
                        OF THE SECURITIES EXCHANGE ACT OF 1934
                                           
                           COMMISSION FILE NUMBER  0-27024
                                           
                                           
                                           
                          METRO ONE TELECOMMUNICATIONS, INC.
                                           
                 (INCORPORATED UNDER THE LAWS OF THE STATE OF OREGON)
                                           
                  8405 S.W. NIMBUS AVENUE, BEAVERTON, OREGON 97008
                                           
                                           
                   I.R.S. EMPLOYER IDENTIFICATION NUMBER 93-0995165
                                           
                         TELEPHONE - AREA CODE (503) 643-9500
                                           
                                           
                                           
                                           
   INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS 
REQUIRED TO BE FILED BY SECTION 13 OR 15(d) OF THE EXCHANGE ACT DURING THE 
PAST 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED 
TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENTS 
FOR THE PAST 90 DAYS.     YES  X  NO 
                              ---    ---


AT AUGUST 11, 1997, 10,823,469 COMMON SHARES WERE OUTSTANDING.


     TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE):  YES     NO  X
                                                                     ---    ---
<PAGE>

                          METRO ONE TELECOMMUNICATIONS, INC.


                                INDEX TO FORM 10 - QSB


                                                                     Page No.
Part I   Financial Information

          Condensed Statements of Operations (Unaudited) 
             Three and six months ended June 30, 1997 and 1996           1
              
          Condensed Balance Sheets
             June 30, 1997 and December 31, 1996                         2

          Condensed Statements of Cash Flows  (Unaudited)
             Six months ended June 30, 1997 and 1996                     3

          Notes to Condensed Financial Statements                        4-5

          Management's Discussion and Analysis of Financial
             Condition and Results of Operations                         6-8

Part II  Other Information

          Item 4  Submission of Matters to a Vote of Security Holders    9
          Item 6  Exhibits and Reports on Form 8-K                       9

<PAGE>

METRO ONE TELECOMMUNICATIONS, INC.

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

<TABLE>
<CAPTION>
                                          THREE MONTHS ENDED JUNE 30,         SIX MONTHS ENDED JUNE 30,
                                          ---------------------------        ---------------------------
                                               1997          1996                 1997           1996
                                          ------------   ------------        ------------   ------------
<S>                                       <C>            <C>                 <C>            <C>
Revenues                                  $  5,467,982   $  4,516,123        $  9,953,994   $  8,744,436
                                          ------------   ------------        ------------   ------------
Costs and expenses:
       Direct operating                      2,696,664      1,976,569           5,130,402      3,970,739
       General and administrative            2,702,649      1,815,574           5,206,420      3,555,371
                                          ------------   ------------        ------------   ------------
                                             5,399,313      3,792,143          10,336,822      7,526,110
                                          ------------   ------------        ------------   ------------
Income (loss) from operations                   68,669        723,980            (382,828)     1,218,326

Other income (expense)                          34,463       (119,597)            193,657       (158,523)
Interest and loan fees                         (86,694)      (147,394)           (184,919)      (309,685)
                                          ------------   ------------        ------------   ------------
Income (loss) before income taxes               16,438        456,989            (374,090)       750,118
Income tax expense                                   -         14,800                   -         22,750
                                          ------------   ------------        ------------   ------------
Net income (loss)                            $  16,438     $  442,189         $  (374,090)    $  727,368
                                          ------------   ------------        ------------   ------------
                                          ------------   ------------        ------------   ------------
Weighted average number of common and
   common equivalent shares outstanding     10,925,269      8,948,730          10,772,616      8,751,097

Net income (loss) per common and 
   common equivalent share                      $  .00         $  .05             $  (.03)        $  .08
                                          ------------   ------------        ------------   ------------
                                          ------------   ------------        ------------   ------------
</TABLE>


            The accompanying notes are an integral part of this statement.
                                          1

<PAGE>

METRO ONE TELECOMMUNICATIONS, INC.

CONDENSED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                      JUNE 30,    DECEMBER 31,
                                                   ------------- -------------
                                                        1997          1996
                                                   ------------- -------------
                                                    (UNAUDITED)
<S>                                                <C>           <C>
ASSETS

Current assets: 
   Cash and cash equivalents                       $  11,145,890 $  14,136,574
   Accounts receivable                                 3,170,392     2,722,544
   Other current assets                                  524,297       537,077
                                                   ------------- -------------
       Total current assets                           14,840,579    17,396,195

Furniture, fixtures and equipment, net                 8,707,823    6,759,759 
Other assets                                             633,086      373,391 
                                                   ------------- -------------
                                                   $  24,181,488 $  24,529,345
                                                   ------------- -------------
                                                   ------------- -------------
LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Current portion of capital lease obligations       $  690,310    $  736,941
   Accounts payable and accrued expenses                 793,616     1,062,440
   Other current liabilities                             662,671       581,108
                                                   ------------- -------------
       Total current liabilities                       2,146,597     2,380,489

Capital lease obligations, less current portion          858,755     1,168,204
                                                   ------------- -------------
                                                       3,005,352     3,548,693
                                                   ------------- -------------
Commitments and contingencies                                  -             -


Shareholders' equity:
Preferred stock, no par value; 10,000,000 shares
       authorized, no shares issued or outstanding             -             -
Common stock, no par value; 50,000,000 shares
       authorized,  10,808,041 and 10,692,887 shares,
       respectively,  issued and outstanding          36,821,014    36,251,440
Accumulated deficit                                  (15,644,878)  (15,270,788)
                                                   ------------- -------------
Net shareholders' equity                              21,176,136    20,980,652
                                                   ------------- -------------
                                                   $  24,181,488 $  24,529,345
                                                   ------------- -------------
                                                   ------------- -------------
</TABLE>

            The accompanying notes are an integral part of this statement.
                                          2

<PAGE>

METRO ONE TELECOMMUNICATIONS, INC.

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

<TABLE>
<CAPTION>

                                                               SIX MONTHS ENDED JUNE 30,
                                                               -------------------------
                                                                    1997          1996
                                                               -----------    ----------
<S>                                                            <C>            <C>
Cash flows from operating activities:
   Net income (loss)                                           $  (374,090)   $  727,368
   Adjustments to reconcile net income (loss) to net cash
       provided by operating activities:
         Depreciation and amortization                             976,101       553,475
         Loss on disposal of fixed assets                           84,692           319
   Changes in certain assets and liabilities:
         Accounts receivable                                      (447,848)      186,896
         Prepaid expenses and other assets                         (45,091)     (230,248)
         Accounts payable and accrued expenses                    (193,262)      213,044
                                                               -----------    ----------
             Net cash provided by operating activities                 502     1,450,854
                                                               -----------    ----------
Cash flows from investing activities:
   Capital expenditures                                         (2,936,302)     (305,533)
   Collections on notes receivable                                   1,622         1,660
                                                               -----------    ----------
             Net cash used in investing activities              (2,934,680)     (303,873)
                                                               -----------    ----------
Cash flows from financing activities:
   Repayment of capital lease obligations                         (356,080)     (474,980)
   Proceeds from issuance of bank debt                                   -       550,000
   Repayment of debt                                                     -      (745,897)
   Proceeds from issuance of long-term debt                              -        67,200
   Proceeds from issuance of common stock and exercise 
       of warrants and stock options                               299,574       497,395
                                                               -----------    ----------
             Net cash used in financing activities                 (56,506)     (106,282)
                                                               -----------    ----------
Net increase (decrease) in cash and cash equivalents            (2,990,684)    1,040,699

Cash and cash equivalents, beginning of period                  14,136,574     1,148,822
                                                               -----------    ----------
Cash and cash equivalents, end of period                       $11,145,890    $2,189,521
                                                               -----------    ----------
                                                               -----------    ----------
</TABLE>

        The accompanying notes are an integral part of this statement.
                                      3

<PAGE>

METRO ONE TELECOMMUNICATIONS, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

1.  BASIS OF PRESENTATION

The interim financial data are unaudited, however, in the opinion of 
management, the interim data include all adjustments, consisting only of 
normal recurring adjustments, necessary for a fair statement of the results 
for the interim periods.  The financial statements included herein have been 
prepared by the Company pursuant to the rules and regulations of the 
Securities and Exchange Commission.  Certain information and footnote 
disclosures normally included in financial statements prepared in accordance 
with generally accepted accounting principles have been condensed or omitted 
pursuant to such rules and regulations, although the Company believes that 
the disclosures included herein are adequate to ensure that the information 
presented is not misleading.

The organization and business of the Company, accounting policies followed by 
the Company and other information are contained in the notes to the Company's 
audited financial statements contained in and filed as part of the Form 
10-KSB, filed with the Securities and Exchange Commission.  This quarterly 
report should be read in conjunction with the audited financial statements.

RECLASSIFICATION.  Certain balances in the 1996 financial statements have 
been reclassified to conform with 1997 presentation.  Such reclassifications 
have no effect on results of operations or shareholders' equity.

2.  NET INCOME (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE

Net income (loss) per common and common equivalent share is computed using 
the weighted average number of common and dilutive common equivalent shares 
assumed to be outstanding during the period.  Common equivalent shares 
consist primarily of options and warrants to purchase common stock. 

3.  COMMITMENTS AND CONTINGENCIES

The Company is party to various legal actions and administrative proceedings 
arising in the ordinary course of business.  The Company believes that the 
disposition of these matters will not have a material adverse effect on its 
financial position, results of operations or net cash flows.

4.  BANK LINE OF CREDIT 

The Company has a $3,000,000 Secured Operating Line of Credit with a 
commercial bank.  Under the terms of the agreement, outstanding borrowings 
bear interest at prime rate plus 0.25 percent and all assets of the Company 
are pledged as collateral.  The agreement contains minimum net worth and 
working capital requirements as well as certain other restrictive covenants, 
as defined by the agreement, and prohibits the payment of cash dividends.  
Availability of the unused portion of the line of credit is subject to 
borrowing base requirements and compliance with loan covenants.  At June 30, 
1997, the Company had no borrowings against this line of credit.

5.  SUPPLEMENTAL CASH FLOW INFORMATION

                                                     SIX MONTHS ENDED JUNE 30,
                                                     -------------------------
                                                          1997         1996
                                                       ----------   ----------
   Cash paid for interest expense                      $  174,842   $  326,706
   Conversion of debt into common stock                         -    1,300,000
   Cash paid for equipment acquired by capital lease            -      678,877
   Income taxes paid                                        1,300            -
   Common stock issued in settlement of litigation        270,000            -


                                     4

<PAGE>

METRO ONE TELECOMMUNICATIONS, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)


6.  ACCOUNTING PRONOUNCEMENT

In February 1997, the Financial Accounting Standards Board ("FASB") issued 
SFAS No. 128, "Earnings Per Share," which establishes new standards for 
computing and presenting earnings per share ("EPS").  SFAS No. 128 replaces 
the presentation of a primary EPS with a basic EPS on the face of the income 
statement for entities with complex capital structures, and additional 
disclosures regarding the computation of EPS.

SFAS No. 128 will require changes in the computation and presentation of the
Company's EPS commencing with the financial statements for the year ending
December 31, 1997.  Earlier application of this Statement is not permitted. 
However, if the Company computed its EPS for the three months ended June 30,
1997 and 1996 in a manner consistent with SFAS No. 128, the pro forma amounts
would have been as follows:

<TABLE>
<CAPTION>
                                         For the Three Months Ended June 30,               For the Six Months Ended June 30,
                                             1997                   1996                     1997                    1996
                                  -----------------------   ----------------------  -----------------------   -------------------
                                                Per Share                Per Share                Per Share             Per Share
                                    Shares       Amount       Shares      Amount       Shares      Amount      Shares     Amount
                                  ----------    ---------   ---------    ---------  ----------    ---------   --------- ---------
<S>                               <C>           <C>         <C>          <C>        <C>           <C>         <C>       <C>
Basic Earnings (Loss) Per Share   10,789,083     $0.00      8,513,373     $0.05     10,772,616    ($0.03)     8,315,740    $0.09
Diluted Earnings (Loss) Per Share 10,925,269     $0.00      8,948,730     $0.05     10,772,616    ($0.03)     8,751,097    $0.08
</TABLE>

In June 1997, the FASB issued SFAS No. 130, "Reporting Comprehensive Income" 
and SFAS No. 131, "Disclosures about Segments of an Enterprise and Related 
Information." SFAS No. 130 establishes requirements for disclosure of 
comprehensive income and becomes effective for the Company's fiscal year 
ending December 31, 1998. SFAS No. 131 establishes standards for disclosure 
about operating segments in annual financial statements and selected 
standards for related disclosures about products and services, geographic 
areas and major customers. The Company believes the adoption of SFAS No. 130 
and No. 131 will have no material impact on current disclosures.

                                     5

<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATION

    All statements and trend analyses contained in this item and elsewhere in 
this report on Form 10-QSB relative to the future constitute "forward-looking 
statements" within the meaning of the Private Securities Litigation Reform 
Act of 1995.  These forward-looking statements are subject to the business 
and economic risks faced by the Company and the Company's actual results of 
operations may differ materially from those contained in the forward looking 
statements.  Readers are cautioned not to place undue reliance on these 
forward-looking statements, which speak only as of the date hereof.  The 
Company undertakes no obligation to publicly release any revisions to these 
forward-looking statements to reflect events or circumstances after the date 
hereof or to reflect the occurrence of unanticipated events.

    Results of operations for the periods discussed below should not be 
considered indicative of the results to be expected in any future period and 
fluctuations in operating results may also result in fluctuations in the 
market price of the Company's Common Stock.  The Company's quarterly and 
annual operating results have in the past and may in the future vary 
significantly depending on factors such as increased competition and 
expiration of Enhanced Directory Assistance ("EDA") contracts, the rapidly 
changing telecommunications market, changes in pricing policies by the 
Company or its competitors, lengthy sales cycles, lack of market acceptance 
or delays in the introduction of new versions of the Company's product or 
features, the timing of the initiation of wireless services in new market 
areas by telecommunications customers, and general economic conditions.

RESULTS OF OPERATION

    The Company continues to expand its presence into new geographic markets 
through existing call centers and the opening of new call centers.  A call 
center serving the New York area opened in the second quarter of 1997. A call 
center located in the Sacramento area is in start-up phase and is projected 
to open in the fourth quarter of 1997.  The Company expects to open 
additional new call centers during the remainder of 1997. 

    During the second quarter, the Company completed the acquisition of 
certain software and other assets of Microlytics, Inc. a developer of 
proprietary database technology. The Company acquired the database search 
engine capabilities that were in use in its call centers pursuant to a 
previous license agreement with Microlytics, Inc. The Company was also able 
to hire certain engineering and support staff from Microlytics, Inc., who 
will continue to provide technical and development services to the Company. 
The Company does not believe the asset acquisition had a material impact on
its results of operations or financial condition taken as a whole.

    The following table sets forth for the periods indicated selected items 
of the Company's statements of operations as a percentage of its revenues.

<TABLE>
<CAPTION>

                                               Three Months Ended             Six Months Ended
                                                   June 30,                      June 30,
                                            ---------------------         ----------------------
                                             1997           1996           1997           1996
                                            ------         ------         ------         -------
<S>                                         <C>            <C>            <C>            <C>
Revenues                                    100.0%         100.0%         100.0%         100.0%
Direct operating costs                       49.3           43.8           51.5           45.4
General and administrative costs             49.4           40.2           52.3           40.7
Operating profit (loss)                       1.3           16.0           (3.8)          13.9
Interest and loan fees                        1.6            3.3            1.9            3.5
</TABLE>

COMPARISON OF SECOND QUARTER  OF 1997 TO SECOND QUARTER OF 1996

    Due exclusively to increased call volume, revenues increased 21.1% to 
$5.5 million from $4.5 million.  Revenues from existing call centers, 
excluding new and concluded contracts, grew 18.7% and accounted for $0.8 
million of this increase while revenues from two new call centers accounted 
for $0.1 million of revenues in the second quarter of 1996.

    Direct operating costs increased 36.4% to $2.7 million from $2.0 million. 
The increase in direct operating costs was due primarily to increased call 
volumes and the cost of opening and operating two additional call centers in 
1997.  As a percentage of revenues, direct operating costs increased to 49.3% 
from 43.8% primarily due to costs associated with three call centers serving 
only PCS customers with recently initiated service and relatively small call 
volumes.  As these PCS carriers increase market penetration and generate 
increased call volumes, the ratio of direct costs to revenue is expected to 
decline.  However, no assurance can be given that market penetration will 
increase or that if it does, the 

                                      6

<PAGE>

call volumes will be significant enough to impact the relationship of direct 
operating costs to revenue.  In addition, due to the continuing build-out of 
the Company's national call center network and introduction of its Enhanced 
Directory Assistance ("EDA") service into new markets, the Company 
anticipates direct operating costs to increase from 1996 levels as a 
percentage of revenue.  The Company expects to open additional call 
centers and enter into new markets during the remainder of 1997.  The costs 
associated with the start-up of a new call center increase overall direct 
operating costs as a percentage of revenue as the call center prepares to 
launch service and, once open, prior to efficient utilization of data and 
personnel.  In conjunction with the introduction of service in a new market, 
regardless of whether a new call center is opened, the Company may acquire 
additional data sources, often in advance of carrier customer service.  
Accordingly, the Company may experience increased data costs without a 
corresponding increase in revenue.

    General and administrative costs increased 48.9% to $2.7 million from 
$1.8 million.  As a percentage of revenues, general and administrative costs 
increased to 49.4% from 40.2% of revenues.  These increases resulted 
primarily from increased depreciation and amortization expense, expansion of 
technical and support staff, the support of increased operational activity 
overall and costs associated with opening and operation of two additional 
call centers during 1997. Depreciation and amortization increased by 82.3% to 
$518,871 from $284,661 due primarily to the acquisition of new equipment for 
one of the two new call centers and additional equipment for existing call 
centers.

    Net interest expense declined 41.2% to $86,694 from $147,394.  This 
decline was attributable solely to the reduction in average debt outstanding 
to $1.6 million from $3.0 million.

    Other income for the three months ended June 30, 1997 was $34,463 and 
consisted primarily of interest income of $152,452 offset by $84,726 of 
losses on disposal of fixed assets and $20,950 of expenses for the early 
termination of a facility lease upon relocation of a call center. Other 
expense for the three months ended June 30, 1996,  was $119,597, and 
consisted primarily of estimated litigation settlement expenses of $103,178 
and a $33,195 of losses on disposal of fixed assets, offset by interest 
income of approximately $16,487.

COMPARISON OF THE FIRST SIX MONTHS OF 1997 TO THE FIRST SIX MONTHS OF 1996

         Revenues increased 13.8% to $10.0 million from $8.7 million.  
Revenues from existing call centers, excluding new and concluded contracts, 
grew 17.6% and accounted for $1.4 million of this increase while revenues 
from two new call centers accounted for $0.1 million.  The revenue growth at 
existing call centers from ongoing business was due exclusively to increases 
in call volumes at these centers.

    Direct operating costs increased 29.2% to $5.1 million from $4.0 million. 
As a percentage of revenues, direct operating costs increased to 51.5% from 
45.4%.  These increases are primarily due to increased personnel and data 
costs required to serve PCS customers with recently initiated service and 
relatively small call volumes.  As these PCS carriers increase market 
penetration and generate increased call volumes, the ratio of direct costs to 
revenue is expected to decline.  However, no assurance can be given that 
market penetration will increase or that if it does, the call volumes will be 
significant enough to impact the relationship of direct operating costs to 
revenue.  In addition, due to the continuing build-out of the Company's 
national call center network and introduction of its EDA service into new 
markets, the Company anticipates direct operating costs to increase from 1996 
levels as a percentage of revenue.  The Company expects to open additional 
call centers and enter into new markets during the remainder of 1997.  The 
costs associated with the start-up of a new call center increase overall 
direct operating costs as a percentage of revenue as the call center prepares 
to launch service and, once open, prior to efficient utilization of data and 
personnel.  In conjunction with the introduction of service in a new market, 
regardless of whether a new call center is opened, the Company may acquire 
additional data sources, often in advance of carrier customer service. 
Accordingly, the Company may experience increased data costs without a 
corresponding increase in revenue.

    General and administrative costs increased 46.4% to $5.2 million from 
$3.6 million.  As a percentage of revenues, general and administrative costs 
increased to 52.3% from 40.7%.  These increases resulted primarily from 
increased depreciation and amortization expense, expansion of technical and 
support staff, the support of increased operational activity overall and 
costs associated with the opening and operation of two additional call 
centers during 1997. Depreciation and amortization 

                                      7

<PAGE>

increased by 76.4% to $976,101 from $553,475 due primarily to the acquisition 
of new equipment for one of the two new call centers and additional equipment 
for existing call centers.

         Net interest expense declined 40.3% to $184,919 from $309,685.  This
decline was attributable solely to the reduction in average debt outstanding to
$1.7 million from $3.4 million for the six months ended June 30, 1997 and 1996,
respectively.

    Other income for the six months ended June 30, 1997 was $193,657 and 
consisted primarily of interest income of $312,260, offset by $84,692 of 
losses on disposal of fixed assets and $20,950 of expenses for the early 
termination of a facility lease upon relocation of a call center.  Other 
expense for the six months ended June 30, 1996 was $158,523 and consisted 
primarily of litigation settlement expenses of approximately $155,000 and a 
$33,195 of losses on disposal of fixed assets, offset by interest income of 
$29,710.

LIQUIDITY AND CAPITAL RESOURCES

    The Company's cash and cash equivalents are recorded at cost which
approximates their fair market value.  As of June 30, 1997, the Company had
$11.1 million in cash and cash equivalents compared to $14.1 million at December
31, 1996, a decrease of $3.0 million primarily from acquisition of equipment.

    Working capital was $12.7 million at June 30, 1997, compared to $15.0 at
December 31, 1996.  The decline was primarily due to use of cash for capital
equipment acquisitions.

    The Company has a $3.0 million secured operating line of credit with a 
commercial bank.  Availability of the unused portion of the line of credit is 
subject to borrowing base requirements and compliance with loan covenants. 
At June 30, 1997, the Company had no borrowing against the line of credit.

    CASH FLOW FROM OPERATIONS.  Net cash from operations for the six months 
ended June 30, 1997 was $502, resulting primarily from the effect of the 
noncash item, depreciation and amortization.  One existing call center and 
two new call centers primarily serve PCS customers that have recently 
initiated service in some of their respective markets.  Due to the relatively 
small call volumes in these markets, the related call centers were net users 
of cash, while most existing call centers contributed to cash flow from 
operations during the six months ended June 30, 1997.

    CASH FLOW FROM INVESTING ACTIVITIES.  Cash used in investing activities was
$2.9 million and was primarily related to capital expenditures for system
redundancy capabilities, equipment upgrades for certain locations and
acquisitions for a new call center in the New York area and relocation of two
existing call centers.  

    CASH FLOW FROM FINANCING ACTIVITIES.  Net cash used by financing activities
was $56,506 and was primarily from principal payments on existing capital
leases, offset by the exercise of outstanding warrants and stock options.

    FUTURE CAPITAL NEEDS AND RESOURCES.  The Company's future needs for
financial resources include amounts for the purchase of equipment for the
upgrading of existing call centers and for the establishment of new call centers
and the funding of start-up losses for newly opened call centers.  The Company
believes its existing capital resources and cash generated from operations will
be sufficient to meet its working capital and capital expenditure requirements
for the next twelve months.

         EFFECT OF INFLATION.  Inflation was not a material factor affecting 
the Company's business during the six months ended June 30, 1997.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

    On May 8, 1997, at the Annual Meeting of the Company's Shareholders, the
shareholders approved each of the proposals set forth in the Company's Proxy
Statement dated April 4, 1997, briefly described below: 

                                      8

<PAGE>

     (i) The shareholders were requested to elect the following individuals to 
         the Board of Directors:

                NOMINEE                      FOR                WITHHELD
                -------                      ---                --------
         A. Jean de Grandpre              7,195,833              25,952
         G. Raymond Doucet                7,195,833              25,952
         William D. Rutherford            7,195,833              25,952
         Timothy A. Timmins               7,195,833              25,952
         James M. Usdan                   7,195,833              25,952

         All nominees were elected to the Board of Directors.

    (ii) The shareholders were asked to approve an amendment of the Company's
         1994 Stock Incentive Plan to increase the number of shares of Common
         Stock available for issuance under the Plan from 1,428,500 to
         1,900,000.  The proposal was approved by the shareholders, as
         6,675,497 votes were cast for the proposal, 500,106 votes were against
         the proposal, 35,497 votes abstained and 10,685 votes were broker
         non-votes.

   (iii) The shareholders were asked to approve an amendment of the Second
         Restated Articles of Incorporation to decrease the number of
         authorized shares of Common Stock from 490,000,000 to 50,000,000. The
         proposal was approved by the shareholders, as 7,171,323 votes were
         cast for the proposal, 18,577 votes were against the proposal, 21,200
         votes abstained and 10,685 votes were broker non-votes.

    (iv) The shareholders were asked to approve the selection of Deloitte &
         Touche LLP as the Company's independent auditors.  The proposal was
         approved by the shareholders, as 7,205,066 votes were cast for the
         proposal, 6,757 votes were against the proposal, 9,962 votes abstained.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K


    (a) EXHIBITS

              There are no exhibits to this report.

    (b) REPORTS FILED ON FORM 8-K

              There were no reports filed on Form 8-K in the second quarter 
              ended June 30, 1997.

                                      9

<PAGE>

                                      SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                             Metro One Telecommunications, Inc.
                             ----------------------------------
                                       Registrant


Date: August 11, 1997

                             Stebbins B. Chandor, Jr.
                             -------------------------------
                             Stebbins B. Chandor, Jr.
                             Senior Vice President
                             Chief Financial Officer


                             Karen L. Johnson
                             -------------------------------
                             Karen L. Johnson
                             Vice President
                             Controller


                                      10