Pakistan Seeks Outside Investors for 3G License Auction
Published on: 17th Feb 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
Pakistan's telecoms regulator has issued an invitation to the Saudi Arabian mobile network operators to participate in the country's forthcoming 3G license auction.
Syed Ismail Shah, chairman of PTA, recently extended the invitation in his meeting with Abdulaziz A. Alsugair, chairman of the board of Saudi Telecom Company (STC), reports Arab News.
Highlighting the opportunities, the PTA chief mentioned that Pakistan has an untapped data market, with less than two percent penetration that can be captured by new companies who obtain the 3G spectrum.
STC's Chairman expressed enthusiasm, but stopped short of indicating if the company will participate.
The auction is due to take place next month, and could raise USD2 billion for the government.
Some 30Mhz of spectrum will be offered, which is likely to restrict the number of winning networks, and could push up the price in a competitive auction.
On the web: Arab News