PTA striving to attract global telecom operators -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

PTA striving to attract global telecom operators

By Muhammad Yasir

KARACHI: The Pakistan Telecommunication Authority (PTA) has expedited its efforts for attracting global telecom giant in the bidding process of 3G/4G licence scheduled to be held on March 28-29, sources in the authority told Daily Times on Monday.

The authority has planned to organise mega events for investors and telecom operators in Singapore and Dubai in the upcoming weeks, as arrangements have been done in this regard with proper allocation of money and support of the government.

It will hold in Barcelona on the occasion of Mobile World Congress—the biggest event of telecom sector in the world, official sources in the authority said and added Pakistan’s representatives will give detailed presentation about the potential of telecom sector and its investment opportunity in different programmes of World Mobile, while a separate pavilion for investors facilitation and knowledge will be set up.

The telecom regulator is carrying out its utmost efforts to approach leading telecom operators for ensuring their participation in the upcoming bids of licence auction for 3G/4G/LTE.

We are working hard to ensure to attract 10-12 number of big telecom operators in the licence auction in addition to existing players of the local telecom sector who in the majority have shown their keen interest to be part of the process.

PTA has sent Information Memorandum (IM) to foreign telecom operators to share policies of the country, economy and business situation of the telecom sector.

“We have been in contact with interested telecom operators for giving them details on their inquiry regarding the process and regulatory regime of the country,” an official of the telecom authority involved in the process said.

The authority wants to ensure participation of maximum telecom operators in order to realise high value of the licence in the bidding process.

The authority has issued Expression of Interest (EoI) in the local dailies and international publications such as The Economist, Financial Times and World Street Journal.

PTA has sent a letter of Board of Investment (BoI) and different ministries to help it communicate the proposal with its counterpart ministries of different countries.

The auction of the 3G/4G licence has become crucial for the country not only for its telecom sector but its flagging economy, which needs an injection of million-dollar-earning through this process.

There will be four licences auctioned for new technology and it is expected that handsome foreign direct investment will land in the country with the successful process.

Source: Daily Times