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KARACHI, June 8: Mobilink has planned to invest $500 million in 2006 in the over-heated mobile phone sector. The company’s capital investment has surpassed $1 billion during its 11 years of operation in Pakistan. “We have planned $300m investment for capacity and coverage expansion during July-December 2005,” President and CEO of Orascom Telecom Zouhair Khaliq told Dawn on Tuesday from Islamabad. He added that the company was investing heavily in establishing an optic fibre backbone and an undersea cable project in the country.
He said that the number of mobile phone users would reach to 16-17m by the end of current year and to 25-26m by end of 2006.
