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China Mobile buys more stake from Paktel

(China Daily)
Updated: 2007-04-28 11:43

China Mobile Communications Corp (CMCC) on Friday said it had acquired an additional 11.14 percent stake in Paktel, which will turn the Pakistan mobile operator into CMCC's fully owned subsidiary.

In February CMCC, parent of Hong Kong-listed China Mobile Ltd, bought a 88.86 percent stake in Paktel from global operators Millicom for $460 million.


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