Chinese operator buys Pakistan's Paktel

China Mobile Ltd., the country's biggest mobile-phone operator by subscribers, has said that its parent, state-owned China Mobile Communications Corp., bought 100% of Pakistan telecommunications operator Paktel Ltd. for US$460 million and renamed it CMPak Ltd.

The parent company plans to invest US$400 million in Pakistan this year to expand the (CMPak) networks. China Mobile Ltd. might acquire the Pakistan operation from its parent in the future.
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