Paktel

Infobox Company
company_name = CMPak Limited (formerly Paktel Limited)
company_
vector_
company_type = Limited Company
genre = Subsidiary
foundation = Early 1990s
founder =
location_city = Islamabad
location_country = Pakistan
location =
68-E Jinnah Avenue, Blue Area
origins =
key_people = Mr. Zafar Usmani, Chief Operating Officer
area_served = Pakistan
industry = Telecommunication
products =
revenue =
operating_income =
net_income =
num_employees =
parent =
subsid =
owner = China Mobile Ltd. (Formerly Millicom)
company_slogan = "Responsibility makes Perfection"
homepage = [http://www.zong.com.pk/ www.zong.com.pk]
dissolved =
footnotes =

CMPak

China Mobile Pakistan (CMPak) is a 100% subsidiary of China Mobile. The pioneering overseas set up of China Mobile came through acquisition of a license from Millicom to operate a GSM network in Pakistan.

So far CMPak has invested more than US$ 700 million in the telecom sector in Pakistan and an additional US$ 800 million will be invested till the end of year 2008.

With ambitious plans to cater to the fastest growing Pakistani market and to win over the ever demanding Pakistani customer, it will be offering unprecedented coverage, voice and data services as well as a wide range of tariff options to choose from.

CMPak's edge comes from the experience and expertise of running the world's largest telecom service and the commitment they make to setting quality and customer relations standards.CMPak is geared to offer neatly packaged VAS products that will benefit the individuals, corporates as well as small businesses. Led by a team of professionals from the field of cellular communication, CMPak is determined to make its mark in the Pakistani market and to change the way people communicate.

Zong

ZONG is the first International brand of China Mobile being launched in Pakistan. It is meant to empower and liberate the people of Pakistan in every nook and corner of the country. It will become a part of their hearts, their minds and bring about a change in their lives that every one desired but few thought would be possible.

The core essence of ZONG is to allow people to communicate at will. Without worrying about tariffs, network coverage, capacity issues or congestion. ZONG will be supported by ground breaking communications, trend setting customer service and an unmatched product offering which will redefine rules of the game and establish ZONG as a serious contender for the number one spot.

ZONG would offer its customers with entertaining & innovative value added services and will empower them by giving a wide variety of products, services & content to choose from.

We are privileged to be the pioneering country introducing this brand with others to follow. And God willing, together we will also make ZONG a success story for others to try and replicate.

History of Paktel

Paktel is a mobile telecommunication company in Pakistan.It was the first ever company granted license to carry out cellular phone services in Pakistan, set up by Cable & Wireless. It carried out AMPS services until 2004,when the company launched GSM services as well. Its main competitor emerged in late 1990s as Instaphone and soon began to dominate the market. However after the launch and rapid success of Mobilink in 1998, both services lost market share. In 2003, Millicom Corporation, who at that time were majority owners of Instaphone, bought Paktel for a sum rumoured to be $1Fact|date=November 2007 from Cable & Wireless. Millicom installed a new management team headed by John Tumelty, former CEO of Instaphone, and Chief Financial Officer David Ordman. In January 2007 Millicom sold Paktel for $284 million to China Mobile.

ale of Paktel to China Mobile and Rename to CMPak

Millicom International Cellular S.A. on Sunday, 22nd January 2007, said it will sell its 88.86 percent stake in Paktel Ltd. to China Mobile for $284 million, which includes the repayment of intercompany debt. The sale implies an enterprise value for Paktel of $460 million, Millicom said in its press release.

Merrill Lynch advised China Mobile on the transaction.

On 4th May 2007, Paktel was renamed to CMPak. [ cite web | url = http://www.chinamobileltd.com/about.php?menu=6 | title = Paktel renamed CMPak| accessdate = 2007-12-11 | publisher = China Mobile Limited | language = zh-cn ] And then, on 16th May 2007, China Mobile announced that it had upped its stake in CMPak to 100%. [ cite web | url = http://www.ltcinternational.com/press-clippings/2007_05.php | title = May 2007 Archived Press Clippings : LTC International, Telecom Headlines and Industry News | accessdate = 2007-12-11 | publisher = LTC International Inc. | language = en ]

Moreover, PTA (Pakistan Telecommunication Authority) has announced that it may resolve the frequency issue with China Mobile, as it was one of the main reason for pullout by Millicom International Cellular S.A.

CMPak has now rebranded Paktel to Zong

Subscriber Base

Paktel has a subscriber base of 3.66 million as of May 2008.

ee also

* List of mobile network operators in Pakistan

References

[http://www.desitwist.com/blogs/endurers-blog/millicom-to-sell-paktel-for-284-million-128/ Millicom to sell Paktel for $284 million]
[http://www.chinamobileltd.com/doc/pr/2007/20070122.htm China Mobile's Press Release for the acquisition of Paktel Ltd.]
[http://micc.client.shareholder.com/downloads/070121Paktelsale.pdf Millicom International Cellular S.A. Press Release for the sale of Paktel Ltd.]

Footnotes

External links

* Official site [http://www.zong.com.pk Zong]
* Pakistan Telecom Watch Dog: [http://www.pta.gov.pk Pakistan Telecom Authority (PTA)]