Pakistan Confirms 3G License Auction Date
Published on: 17th Jan 2012
Note -- this news article is more than a year old.
By: Ian Mansfield
Pakistan's Telecommunication Authority (PTA) has set the date for the country's often delayed 3G auction as the 29th March 2012.
PTA Chairman, Mohammed Yaseen told the Reuters news agency that the base price for the auction would be $210 million.
"We're expecting 10 to 15 potential investors in the initial bidding process," Yaseen told Reuters.
The 3G licenses will vary from 8 to 15 years in duration, and there will be a $31.5 million deposit for any bidders.
Any incumbent mobile networks awarded a 3G license will be able to offer services immediately, although new entrants will not be allowed into the market until March 2013. This is due to an agreement not to offer any new radio spectrum when the government sold a 26% stake in the state-owned Pakistan Telecommunications Company in 2006 to Etisalat.
On the web: Reuters