ISLAMABAD: To boost Pakistan’s digital economy, the government on Wednesday began the sale of 3G and 4G licences to cellular service providers. Available to citizens of more than 160 countries, the decade-old technology is auctioned to four major telecom companies with government aiming to raise up to $1.3 billion.
Since the auction process was terminated prematurely on three different occasions in the past, the event is seen by all segments of the society as a historical moment.
2:55pm
Round 5 results are expected at 3:45pm.
The market talk is that the PTA is looking good for $1.3 billion.
With free tea and snacks available at the event, the atmosphere at the auction is festive and the PTA chairperson looks upbeat as he mingles with the attendees.
2:45pm
Round 4 saw bidding only for Block A, in which the bid increased by $6.02 million.
This brings the total bid of all four blocks at end of Round 4 to $902.82 million, a total increase of $17.82 million from Round 1.
There is still no interest shown in Blocks B and C.
Considering how slowly the auction is moving, it might go on for another day.
2:30pm
According to an information and communications technology (ICT) expert, the auction is going according to PTA’s expectations and the government is likely to generate revenue between $1.2 billion and $1.5 billion.
The expert added that currently the operators are bidding on 10MHz blocks (A and D) and once the the companies feel they could lose out in the bid, they will then switch to the 5MHz blocks (B and C) which have not shown any change throughout the three rounds.
Parvez Iftikhar @Parvez_Iftikhar
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#3G Spectrum Auction #Pakistan - the road traversed... from Chairman #PTA presentation.
12:04 PM - 23 Apr 2014
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