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Pakistan raises USD 1.1 bln in 3G, 4G auction

2014-04-24 12:35:00| Telecompaper Headlines

(Telecompaper) Pakistan has completed its long-awaited 3G spectrum auction, with four operators winning licences. The four qualified bidders - Mobilink, Telenor, Ufone and Zong - each picked up licences for the 2,100 MHz band. Mobilink and Zong each acquired 2x10 MHz for just over USD 300 million, and Telenor and Ufone 2x5MHz each for USD 147.5 million. Zong also acquired one of two 4G licences on offer for the reserve price of USD 210 million. The second will be auctioned later. Sikanadar Naqi, a Zong advisor, told AFP the company plans to begin 3G services in Lahore and Karachi immediately. Operators must pay half the licence fees upfront and the remainder in installments over five years.   

Tags: usd auction pakistan raises

Category:Telecommunications

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