Siemens signs $32M contract with U-Fone

MUNICH, Germany-Siemens AG said it has signed a $32 million contract to expand the GSM network for Pakistan Telecom Mobile Ltd., otherwise called U-Fone. The project will be completed in May next year, according to Siemens. The second-largest Pakistani carrier caters to 1.3 million subscribers. The operator signed a previous similar contract valued at $26 million with Siemens.