Exhibit 11 AvTel Communications, Inc. and Subsidiaries Computation of Per Share Earnings (Unaudited) Three Months Six Months Ended June 30, Ended June 30, ---------------------- ---------------------- 1998 1997 1998 1997 ---------- ---------- ---------- ---------- Net Income (Loss) (2,112,947) (198,657) (3,785,437) 173,202 Less preferred dividends 11,816 20,000 23,632 40,000 ---------- ---------- ---------- ---------- Income (Loss) applicable to common shareholders (2,124,763) (218,657) (3,809,069) 133,202 ========== ========== ========== ========== Weighted average number of common shares 9,549,958 9,366,447* 9,513,924 9,366,420* ========== ========== ========== ========== Net income (loss) per common share - basic and diluted (0.22) (0.02)* (0.40) 0.02* ========== ========== ========== ========== * The 1997 amounts are presented on a pro forma basis.