Zong 4G, is a Pakistan based mobile data network operator, owned by the company China Mobile.
It is the first oversea setup of China Mobile through acquisition of a license from Millicom to operate,
A GSM network in Pakistan in 2008, Zong is a 100 ,subsidiary of China Mobile,
It is Pakistan’s second largest GSM mobile service provider and third largest mobile service in terms of subscriber base of 36 million,
It has a market share of among cellular operators in the country,
Zong commenced operations as Paktel by Cable & Wireless in 1991. It was the first company granted a free license to carry out,
cellular phone services in Pakistan. It carried out AMPS services until 2004, when the company launched GSM services.
In 2003, Millicom Corporation, who at that time were majority owners of Instaphone, bought Paktel from Cable & Wireless,
Millicom installed a new management team headed by John Tumelty, former CEO of Instaphone, and Chief Financial Officer David Ordman.
On 22 January 2007, Millicom International Cellular S.A. stated that it would sell its 88.86 percent stake in Paktel Limited to China Mobile for 284 million,
which includes the repayment of intercompany debt. The sale implies an enterprise value for Paktel of 460 million,
Millicom said in its press release. Merrill Lynch advise.