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TERAGO INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2012 AND 2011 The following Management’s Discussion and Analysis (“MD&A”) is intended to help the
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City

Edmonton / Winnipeg / Montreal / Ottawa / Milton / Vancouver / Toronto / Calgary / London / /

Company

TeraGo Inc. / Company Overview TeraGo / MetroBridge / ARPU / /

Country

Canada / /

Currency

USD / /

Event

M&A / Funding / /

IndustryTerm

Internet access / secure Internet access / data connectivity services / wireless broadband network / communications network / broadband wireless base stations / potential future applications / broadband wireless radios / voice services / higher capacity services / server equipment / local exchange carrier / fixed wireless / wireless networks / wireless backhaul services / customer premise equipment / wireless services / wireless radios / acquired real estate leases / broadband services / broadband wireless radio / wireless backbone / Internet access services / wireless system / wireless carrier / access network / redundant fiber-optic equipment / mission critical applications / secured wireless connection / traffic management / local voice access services / telecommunications / technology / wireless broadband communications service / voice and data traffic / data and voice services / Internet Protocol / broadband Internet access / Internet Services The / Internet peering / long-term solution / voice and data / voice demarcation device / backhaul services / wireless carriers / broadband wireless services / rooftop equipment / facilities-based backhaul services / public switched telephone network / /

MusicGroup

Industry / Company / /

Organization

CRTC / Canadian Radio-television and Telecommunications Commission / /

Person

Victoria Windsor / Brooks Montreal Nanaimo / Brandon Brockville Calgary Chatham Cobourg / /

/

Position

EXECUTIVE / Major Internet peering / /

Product

iRiver E100 Portable Audio Device / /

RadioStation

Core / /

Technology

MPLS routers / LAN / broadband / IP / wireless broadband / Quality of Service / DSL / carrier-grade Multi-Protocol / local exchange carrier / Ethernet / PSTN / MPLS / service level agreement / PBX / /

URL

www.sedar.com / www.terago.ca / /

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