ISLAMABAD – The Pakistan Telecommunication Authority has secured as much as $ 902.8 million after selling four spectrum of next generation cellular services’ band widths in fourth round of 3G, 4G licence auction.
According to the sources on ground zero, the fourth round of the auction was completed around 3 pm on Wednesday.
The sources confirmed that PTA had successfully sold out two spectrum of 5 mega hertz and two of 10 mega hertz.
The PTA earlier officially announced that only four out of total five existing telecommunication companies expressed bids to purchase next-generation band width for their customers at the minimum cost of $ 295 million for 3G and $ 210 million for 4G which would at least make a sum total of 1,390 million.
PakistanTribe reported that NayaTel Chief Executive Officer (CEO) Wahaj Siraj lashed the government for being greedy and for being only interested in gathering one-time hard cash from the auctions.