Pakistan to Auction 3G & 4G Licenses in April

[Papu]

Pakistan to Auction 3G & 4G Licenses in April

The proposal that was submitted by 3G consultants – details of which are available here – has been approved by Mian Muhammad Nawaz Sharif, Prime Minister of Pakistan.

Ishaq Dar, the Finance Minister, while speaking with media personals confirmed that government has decided to go with simultaneous auction of three 3G and two 4G licenses by April 2014.

Mr. Dar confirmed that a 3G license of 10Mhz block from 2100Mhz band will cost $295 million, while a 4G license of 10Mhz from 1800Mhz band is priced at $210 million.

Dar said the government would be looking for full payment, or a 50 per cent payment with the rest to be paid in five equal installments over five years, with an interest rate of three per cent.

[Janab g]

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