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China Mobile makes its first oversea acquisition by buying an 88.86% stake in Paktel, Pakistan's fifth largest mobile carrier from Luxembourg-based Millicom International Cellular.(BEIJING)

Wireless Asia, January, 2007

China Mobile makes its first oversea acquisition by buying an 88.86% stake in Paktel, Pakistan's fifth largest mobile carrier from Luxembourg-based Millicom International Cellular. The deal values Paktel at $460m.

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