Pakistan on Wednesday successfully completed the auction for next-generation telecom spectrums raising $1.112 billion or Rs111 billion from the process. Out of the four competitors participating in the auction, only Zong managed to grab licences for both 3G and 4G spectrums; the other three i.e Mobilink, Telenor and Ufone secured 3G licences.
“But surely, it will usher in an era in which the country’s youth will have accesses to modern telecom services and create thousands of new jobs,” said Minister of State for Information Technology (IT) Anusha Rahman.
After the last round of bidding, PTA Chairman Dr Ismail Shah announced “all spectrums in 2100MHz (3G) have been sold.”
