MTC mulls bid for Paktel

18 Dec 2006

Kuwait’s Mobile Telecommunications Company (MTC) has said it is considering bidding for Millicom’s Pakistani arm Paktel. Millicom said last month it expected to end its 16-year presence in Pakistan next year due to tough market conditions. Paktel is the country’s fifth-largest mobile phone operator and had about 1.5 million subscribers at the end of September 2006.