China Mobile (CHL) has entered into an agreement with Millicom International Cellular S.A. to purchase 88.86% of the outstanding shares of Paktel Limited, a mobile communications operator in Pakistan.

The transaction implies an enterprise valuation for Paktel Limited of US$460 million.

Completion of the transaction is subject to the receipt of certain regulatory approvals. If such approvals are obtained, completion is expected to occur in late February 2007.


  1. it was great to listen the news of launching of zong in Pakistan i was already using paktel which is upgraded to zong my number is 03145117646.


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