Sistema sets its sights on Great Bear, sources claim

30 Nov 2006

Russian holding company AFK Sistema is in talks to buy Pakistani wireless in the local loop (WiLL) operator Great Bear International, according to the Vedomosti business daily citing unnamed sources at the Russian group. Neither company has commented on the report.

According to TeleGeography’s GlobalComms database, Great Bear was among the first alternative operators to be licensed in Pakistan in July 2004. It launched services in August 2005 under the Diallog banner. It has WiLL networks in Islamabad, Rawalpindi and Lahore, and had 35,232 users by the end of September 2006.