Pakistan Raises $1.1 Billion from 3G License Auction
Published on: 24th Apr 2014
Note -- this news article is more than a year old.
Pakistan has successfully auctioned off its long delayed 3G licenses, but raised only half the amount that the government had been hoping for.
The PTA raised USD903 million for the 3G licenses, plus a further US$210 million for spectrum to be used for LTE services.
The four winners in the 3G spectrum auction were the four bidders, China Mobile (Zong), UFone, Mobilink and Telenor.
Only Zong won any of the 4G spectrum, and was also the winner of 2x10Mhz of 3G spectrum which it paid USD306.9 million for.
Mobilink, backed by Global Telecom Holding said that it was the winner of the 2x10 MHz spectrum block, paying USD300.9 million.
The other two blocks would appear to have been won by UFone and Telenor, offering 2x5Mhx at USD147.5 million each.
The licenses are valid for 15 years.
Any winners will have to pay half the license fee upfront, with the remainder as an option over the next five years, although interest will also be added to the outstanding amount.
The regulator is still left with an unsold block of 4G spectrum.