PTA auction resulted in $1.11 billion 3G and $0.5 billion 4G licences sale

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Pakistan Telecommunication Authority (PTA) finally announced results of 3G and 4G auction in Pakistan on Wednesday. Four Pakistani Telecom companies made successfull bids namely Zong, Mobilink,Ufone and Telenor.

3G-4G-results

Zong as expected won 10 Mhz and 18 Mhz spectrums of 3g as well as 4g licences respectively. Zong was finally declared eligible for one license of 4g technology. The cost of one 4g licence is Rs 50 billion ($ 0.5 billion).

Telenor and Ufone get licenses of 4 Mhz band whereas Mobilink grabed 21 Mhz band.

Ishaq Dar, Pakistan’s Finance Minister praised the efforts made by Pakistan Telecommunication Authority (PTA) and the IT Ministry for organising successful auction event.

It is worth mentioning that the second 4g licence could not be sold which worth Rs21 billion.The four 3G licences were sold for Rs111 billion ($1.11 billion) , Dar said.

PTA expects to get approximately Rs161 income later after activation of 3g and 4g technologies in Pakistan.

The finance minister praised the efforts of PTA and congratulated whole Pakistani nation over successful auction.

For the 4G spectrum, Zong was the sole sole winner according to Pakistan Telecommunication Authority (PTA). Warid Telecom Pakistan, did not make any bids.Ismail Shah, PTA head, announced the final bidding results that lasted all day.

The initial net price of four lots of 3G licenses was based on $885 million while Lot D saw an increase of $5.9 million and Lot A $11.92 million at end of the three round auction.

The introduction of 3G and 4G spectrum in Pakistan will boost the telecom sector and will offers flexible ways to users to stay connected.

4G offers even faster speeds with ultra-broadband services. $G will provide better online gaming, streaming high definition mobile TV in addition to video conferencing.In the initial phase, the 3G and 4G services will be available in Karachi, Islamabad,Quetta, Lahore and Peshawar and Quetta and latter will be expanded to 80 cities.

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