Paktel’s Continued Transformation

Cellular News is reporting that Paktel’s stakes were acquired by China Mobile Communication Corporation which is the parent company of China Mobile. China Mobile is a listed company and the move is intended as the investors were cautious on the profitability of the venture in Pakistan due to fierce market competition.

Insiders are reporting that the new company, now renamed as CMPak has started a fresh wave of hiring employees.  The company is also engaged in talks with a long-haul optical network with Malaysian roots to acquire dark fiber pair on long term lease for its nationwide traffic requirement.