Tuesday, January 1, 2008

The Downfall of Instaphone (Pakcom Ltd.)

Instaphone, the pioneer of Telecom in Pakistan, is destined to be doomed. What caused that, ask the owner, "Arfeen International".

For those who don't know the background, Instaphone was merged with Paktel and were owned by Milicom. Later on, in 2006, Milicom pulled itself out of Pakistan by selling Paktel to China Mobile (now Zong) and Instaphone was somewhat handed over to the original owners Arfeen Group which also owns Telecard, GoCDMA and SuperNet.

Check out the link, however theres nothing to read.

http://en.wikipedia.org/wiki/Instaphone


Now my sources tell me that employees have not been paid since 4 months. Those sacked 1 year back are still waiting for their clearance cheques which includes Provident Fund and Gratuity.

See you till the next blog.