InstaCode 2008 TOP
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Paktel offered only mobile telephony service to its 2 million subscriber base. As of 2007, Paktel was ranked fifth mobile player of Pakistani market owing to low subscriber base and market share.[2] After the completion of its acquisition by China Mobile, Paktel was rebranded Zong Pakistan on April 1, 2008.
license for 15 years from October 23, 2004 for a license fee of $291,000,000.[4] This agreement was signed by the two parties on October 25, 2004. Paktel and the PTA agreed delayed payment terms under which 50% of the license fee will be paid in installments over the first three years of the license. The second 50% of the license fee will be payable in ten yearly payments from 2008 to 2017.
China Mobile Pakistan continued to operator under Paktel brand until March 31, 2007. After acquisition, China Mobile Pakistan invested more than US$700 million in the telecom sector in Pakistan and US$800 million were further invested by the end of year 2008.
Pakistan Telecommunication Authority said that it might resolve the frequency issue with China Mobile, as it was one of the main reason for pullout by Millicom International Cellular S.A. According to the statistics from the Pakistan Telecommunication Authority, Paktel had 2.145 million customers at the end of February 2008.[1] 1e1e36bf2d