Chinese telecom operator China Mobile plans to invest USD1.5 billion in CMPak, its wholly-owned subsidiary in Pakistan, over the next four years. Fan Yunjun, chief executive officer of CMPak, revealed the news over a talk with Pakistani Prime Minister Yusuf Raza Gilani. Fan said that China Mobile hopes to enlarge its 3G market share in [...]
Tag | Ufone
Rumor: China Mobile May Acquire Telenor's Pakistani Subsidiary
23 July 2009
Reports in foreign media state Norwegian telecom group Telenor plans to sell shares of its subsidiary in Pakistan and the group is talking with its Chinese counterpart China Mobile about this transaction.
Though both of the companies involved denied the rumor, media reports state a confidential negotiation is undergoing at the group level between the two [...]
China Mobile Gains 5.98 Million Users In Pakistan
07 May 2009
According to statistics provided by Pakistan Telecom Authority, the total number of users of China Mobile's Zong brand in Pakistan has reached 5.98 million by the end of the first quarter of 2009.
PTA said during the first three months of 2009, the number of mobile phone users in Pakistan increased 1.535 million, reaching a total [...]
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