| Final | Team | time | Rk. | | 1. Michael Phelps |  USA | 1:57.14 | 2. 1. | | 2. Ryan Lochte | USA | 1:58.78 | 10.2. | | 3. George Bovell |  TRT | 1:58.80 | 3. 5. | | 4. László Cseh, Jr. |  HUN | 1:58.84 | 1. 3. | | 5. Thiago Pereira |  BRA | 2:00.11 | 5. 4. | | 6. Takahiro Mori |  JPN | 2:00.60 | 9. 6. | | 7. Vytautas Janušaitis |  LTU | 2:01.28 | 8. 6. | | 8. Jiro Miki | JPN | 2:02.16 | 4. 8. |
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| Semi 1 | Team | time | Rk. | | 1. Michael Phelps | USA | 1:58.52 | 1. | | 2. Ryan Lochte | USA | 1:59.58 | 2. | | 3. Vytautas Janušaitis | LTU | 2:00.57 | 6. | | 4. Jiro Miki | JPN | 2:01.09 | 8. | | 5. Alessio Boggiatto |  ITA | 2:01.27 | 10. | | 6. Ioannis Kokkodis |  GRE | 2:01.57 | 12. | | 7. Tamás Kerékjártó | HUN | 2:01.89 | 13. | | 8. Robin Francis |  GBR | 2:03.85 | 16. |
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| Semi 2 | Team | time | Rk. | | 1. László Cseh, Jr. | HUN | 1:59.65 | 3. | | 2. Thiago Pereira | BRA | 2:00.07 | 4. | | 3. George Bovell | TRT | 2:00.31 | 5. | | 4. Takahiro Mori | JPN | 2:00.57 | 6. | | 5. Oussama Mallouli |  TUN | 2:01.11 | 9. | | 6. Massimiliano Rosolino | ITA | 2:01.29 | 11. | | 7. Dean Kent |  NZL | 2:01.94 | 14. | | 8. Adrian Turner | GBR | 2:02.06 | 15. |
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| Heat 7 | Team | time | Rk. | | 1. Michael Phelps | USA | 2:00.01 | 2. | | 2. Jiro Miki | JPN | 2:00.93 | 4. | | 3. Thiago Pereira | BRA | 2:01.12 | 5. | | 4. Takahiro Mori | JPN | 2:01.33 | 9. | | 5. Robin Francis | GBR | 2:01.57 | 12. | | 6. Tamás Kerékjártó | HUN | 2:01.75 | 14. | | 7. Adam Lucas |  AUS | 2:02.12 | 17. | | 8. Aleksey Zatsepin |  RUS | 2:04.11 | 29. |
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| Heat 6 | Team | time | Rk. | | 1. László Cseh, Jr. | HUN | 1:59.50 | 1. | | 2. Alessio Boggiatto | ITA | 2:01.30 | 6. | | 3. Dean Kent | NZL | 2:01.31 | 7. | | 4. Vytautas Janušaitis | LTU | 2:01.32 | 8. | | 5. Ryan Lochte | USA | 2:01.41 | 10. | | 6. Massimiliano Rosolino | ITA | 2:01.56 | 11. | | 7. Adrian Turner | GBR | 2:01.73 | 13. | | 8. Zhao Tao |  CHN | 2:02.41 | 19. |
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| Heat 5 | Team | time | Rk. | | 1. George Bovell | TRT | 2:00.65 | 3. | | 2. Oussama Mallouli | TUN | 2:01.94 | 15. | | 3. Jani Sievinen |  FIN | 2:02.79 | 20. | | 4. Christian Keller |  GER | 2:02.93 | 21. | | 5. Wu Peng | CHN | 2:03.60 | 24. | | 6. Diogo Yabe | BRA | 2:03.86 | 26. | | 7. Justin Norris | AUS | 2:03.87 | 27. | | 8. Brian Johns |  CAN | 2:03.95 | 28. |
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| Heat 4 | Team | time | Rk. | | 1. Ioannis Kokkodis | GRE | 2:02.11 | 16. | | 2. Mikhail Aleksandrov |  BUL | 2:02.39 | 18. | | 3. Serhiy Serheev |  UKR | 2:03.26 | 22. | | 4. Bradley Ally |  BBS | 2:03.29 | 23. | | 5. Guntars Deičmans |  LAT | 2:03.68 | 25. | | 6. Jeremy Knowles |  BAH | 2:04.22 | 30. | | 7. Darian Townsend |  RSA | 2:07.04 | 37. |
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| Heat 3 | Team | time | Rk. | | 1. Jacob Carstensen |  DEN | 2:04.80 | 31. | | 2. Kim Bang-Hyeon |  KOR | 2:05.06 | 32. | | 3. Miguel Molina |  PHI | 2:05.28 | 33. | | 4. Krešimir Čač |  CRO | 2:05.33 | 34. | | 5. Andrei Zaharov |  MDA | 2:07.40 | 39. | | 6. Albert Sutanto |  INA | 2:07.55 | 40. | | 7. Gary Tan |  SIN | 2:08.44 | 43. | | 8. MLIck Fall |  SEN | 2:12.13 | 47. |
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| Heat 2 | Team | time | Rk. | | 1. Raouf Benabid |  ALG | 2:06.34 | 35. | | 2. Hocine Haciane |  AND | 2:06.48 | 36. | | 3. Aleksandar Miladinovski |  MKD | 2:07.39 | 38. | | 4. Drew MacKay |  CAY | 2:07.65 | 41. | | 5. Oleg Pukhnaty |  UZB | 2:08.24 | 42. | | 6. Wu Nien-Pin |  TPE | 2:08.72 | 44. | | 7. Orel Oral Uğur |  TUR | 2:08.84 | 46. |
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| Heat 1 | Team | time | Rk. | | 1. Jorge Oliver |  PUR | 2:08.84 | 45. | | 2. Giorgos Dimitriadis |  CYP | 2:12.27 | 48. | | -. Yevgeny Ryzhkov |  KAZ | | 49. |
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