China Mobile Acquires Paktel — Valued At $460 Million

China Mobile has agreed to buy 88.86 percent of shares in Paktel, the fifth largest carrier in Pakistan, from Luxembourg-based Millicom International Cellular according to TelecomsAsia. The deal values the Pakistani telco at $460 million… the telco had 1.53 million subscribers at the end of september compared to 944,718 a year earlier. Pakistan has over 165 million people.

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