Pakistan Awards Additional GSM Spectrum

Millicom International Cellular has announced that the Frequency Allocation Board of Pakistan has approved the allocation of frequency in the GSM band for MIC's subsidiary, Paktel Limited, under its current license.

Marc Beuls, President and CEO of MIC, commented: "Pakistan has a population of 147 million and mobile penetration rates of below 2% which makes it a very exciting growth market and, illustrating this point, one of MIC's Pakistan businesses was the fastest growing in the Group, up by 36% last quarter. We believe that a GSM offering will increase the growth rate in Pakistan substantially in 2004."

Paktel currently has coverage in over 100 cities/towns of Pakistan"

Posted to the site on 31st October 2003