3-G, 4-G licences to bring $1.3 bn: PTA chief -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

3-G, 4-G licences to bring $1.3 bn: PTA chief

Pakistan Press Foundation

ISLAMABAD: Pakistan Telecommunication Authority (PTA) Chairman Syed Ismail Shah has said that foreign exchange over one billion and 300 million dollars will be deposited in national exchequer with the auction of licences of 3-G and 4-G technology.

PTA chairman, while talking to ‘The News’ on Saturday, said that the successful bidder would be issued licence and he would have to deposit 50 percent amount while the remaining amount would be deposited within five-year maximum period but London Inter Bank Offer Rate and 3 percent mark up would also be paid on it. He said that the auction would be started from $290.50 million.

The PTA chairman further disclosed that a study group was formed to directly monitor auctioning of 5-G technology, while one study group would present initial report in next month in this regard in which 5-G spectrum would be identified.

Ismail Shah said that cellular companies in Pakistan had started trial of 3-G technology in Islamabad, Rawalpindi, Lahore and Karachi. He said he, with Minister of State Anusha Rehman, had made foreign visits in this regard. He said that the customers would get 3-G technology within three months. He said that GDP would increase through the use of 3-G and 4-G technology. This would provide facility of high speed internet, TV channel and video sharing on smart phone, he added.

He said that the PTA would auction 204 licences of 3-G technology and on the same day licences of 4-G technology would also be auctioned.

The News

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