Pakistan to auction extra unused telecom spectrum, expects to raise $1 bln
The country plans to kickstart the process by laying out plans to retain an international consulting firm.
Pakistan is expected to begin the process of selling its unused telecom spectrum via an auction which is expected to raise an amount of around $1 billion and enhance network capacity. This was stated by three senior government officials familiar with the matter.
The 1800 and 2100 MHz bands, of which the spectrum is a part of, is normally used for 4G LTE networks by operators as it offers faster streaming of videos, downloading of content, etc, officials further added.
The country plans to kickstart the process by laying out plans to retain an international consulting firm. The firm would design the auction process and advice on base pricing and other details. However, no sale date has yet been set.
Pakistan is planning to revamp state coffers that have been victim to the economic slump and tax collections impacted by the coronavirus pandemic.
A spokesman for Pakistan Telecommunication Authority said the process to hire a consultant for " Spectrum Auction 2020-21" has been initiated, which means the project is up and running with its first stage of building a team.
Pakistan has about 85 million 3G/4G subscribers and this auction will complement any 5G launches in the future.
The country has some 85 million 3G/4G subscribers, and the upcoming auction is seen as a precursor to any 5G launch.
The dominant names in Pakistan Telecom are mainly Jazz which is handled by Netherlands-based Veon Ltd, Telenor Pakistan which is Norway’s state-controlled Telenor’s project, China Mobile’s Zong, and state-owned Ufone.
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