China Mobile pays USD30 million to PTA

7 Mar 2007

China Mobile has reportedly paid more than USD30 million to the Pakistan Telecommunication Authority (PTA) as the first instalment of Paktel’s licence. A senior official at the PTA said the Chinese company had made a payment of USD31.6 million in respect of Paktel’s initial licence fee and spectrum charges. ‘Paktel owed around USD29 million to the PTA on account of initial licence fee and the authority wanted its parent Millicom International to pay it before wrapping up operations in Pakistan,’ said an unnamed official from the regulator. The Luxembourg-based Millicom International announced in January 2007 that it had reached a USD284 million deal with China Mobile to sell off its 88.86% shareholding in the company. By December 2006 Paktel claimed 1.3 million wireless customers, which ranked the company fifth in terms of market share among six operators.