On 12 October 1983, Millicom Inc. created China Telecom Systems (HK), a joint-venture with partners China Resources Ltd. and Comvik, a Swedish mobile firm also controlled by Jan Stenbeck. China Telecom Systems (HK) held the first cellular telephone contract in China, making its service available to the public on 20 May 1985. In December 1989, Millicom set up Microtel Communications Ltd. by teaming up with Pacific Telesis and British Aerospace (later bought out by Hutchinson Telecom.) Microtel was awarded a personal communication network (PCN) license to compete with Vodafone in the United Kingdom, a service launched on 28 April 1994 under its brand name, Orange. This venture was acquired in October 1999, at which time Orange and its new parent, Mannesmann, were in turn both taken over by Vodafone. At a value of $202 billion, the takeover of Mannesmann by Vodafone was the largest transaction in corporate history. Orange (formerly Microtel) was then sold to France Telecom, which subsequently changed its corporate name to Orange.