KARACHI, May 18: China Mobile Ltd., the world’s largest mobile-phone operator, has bought 100 per cent shares of Paktel Ltd. for $460 million and renamed it as CMPak Limited.
China Mobile Communications Corporation (CMCC) purchased all of CMPak’s minority shareholding from its local shareholders M/s Millitel Limited and Mrs Bilqis Qureshi, says a press release.
CMPak plans to invest $400 million in Pakistan this year to expand its network aimed at building new network capacity of more than 20m customer base.
