Telenor Boosts Radio Spectrum Holdings
Published on: 2nd Jun 2016
Note -- this news article is more than a year old.
Telenor has provisionally won a radio spectrum auction in Pakistan that will let it expand its 3G services.
The telecoms regulator, the Pakistan Telecommunication Authority (PTA) said that Telenor Pakistan was the sole bidder for the 10-MHZ block of 850-MHZ band spectrum.
Telenor currently operates its 3G services on a 5-MHZ block of 2.1Ghz spectrum.
"In case where the auction is not required due to no-excess demand, the applicant that submits a pre-bid offer, supported by a correct pre-bid deposit, is awarded the amount of spectrum stated in their pre-bid deposit form," the regulator stated.
The reserve price for the spectrum had been set at USD395 million, a third higher than similar blocks sold in 2014. The higher reserve price is thought to be why none of the other companies which had showed an interest went forward with bids.