China Mobile Zong confirms new investment of USD 200 Million in Pakistan
Sawaira Sial
Posted On February 7, 2017
Pakistan’s face as a home for Chinese Investment is bound to strengthen in the upcoming years. China Mobile Pakistan, Zong, which has already invested over 2 Billion Dollars in Pakistan over the years, has reaffirmed its commitment of investing 200 Million Dollars.
It is also mention-able that the company was the first to invest in 3G and 4G licenses. Its marketing better than most, its events the grandest of them all, the company aims at expanding its network by adding 3G and 4G sites, currently predicted to be near 10500 by the end of 2017.
There 4G subscribers reached 2 Million, while it has expanded its 4G coverage to over 300 cities across Pakistan.
Up next in its plans are the socially cut off Rural Areas. The decision was announced on its meeting thanks to the out of the World success and increasing revenue.
China Mobile Pakistan
China Mobile Pakistan (CMPak) is a 100% owned subsidiary of China Mobile Communications Corporation. The pioneering overseas set up of China Mobile came through acquisition of a license from Millicom to operate a GSM network in Pakistan.
Started in 2007 with a market share of only 2%, Zong has seen outstanding growth in the last few years to increase it by 10 folds to about 20%. Currently, CMPak engages in the provision of cellular mobile voice and data services to the Pakistani market through 2G, 4Gand 4G technologies.
