ISLAMABAD: Pakistan Telecommunication Authority (PTA) chairmanannounced auction results of most-awaited 3g and 4g licenses on Wednesday.
A Pakistani cellular company, Zong has won 10 Mega Hertz (Mhz) and 18 Mhz spectrums of 3g and 4g licences respectively.
Zong has been declared eligible to purchase one license of 4g technology after winning bid while the cost of one 4g licence is Rs50 billion.
Ufone and Telenor get licenses of 4 Mhz band while Mobilink grabs 21 Mhz band including license of 10 Mhz band of 3g.
Pakistan’s Finance Minister Ishaq Dar praised efforts Pakistan Telecommunication Authority (PTA) and Ministry of Information Technology (IT) for organising successful auction event.
Second of two 4g licences could not be sold worth Rs21 billion each at the time while four licences of 3g spectrum has been sold out at Rs111 billion, Dar said.
Transparency in the auction process will be made at any cost and approximately Rs161 income would be expected after activation of 3g and 4g technologies in Pakistan, he added.
The finance minister congratulated whole nation over successful auction as the development would produce thousands of employments in the country.
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