In line with the timelines discussed in Data Memorandum (IM) for the Spectrum Auction for Subsequent Technology Mobile Services and products (NGMS) in Pakistan 2021, the opening of utility and sealed bid provides from the potential candidates were finished on ninth September 2021.
PTA Declares Ufone as the Winner of the Spectrum Auction for NGMS
PTA won bid from PTML(Ufone), after scrutiny of the submitted bid, PTA proclaims Ufone as the winner of the public sale procedure.
This may increasingly generate the earnings of USD 279 Million (apart from advance tax). Govt will obtain 50% in advance cost of PKR 23.44 Billion inside 15 days; out of which 20% of the mentioned quantity i.e PKR 9.38 Billion has already been won on ninth September 2021. Final 50% can be paid in 5 equivalent annual installments.
Overall Spectrum received via Ufone is 9 MHz in 1800 MHz band which is 70.3% of the overall presented spectrum in the mentioned band all over the present Auction. This addition will building up Ufone spectrum holdings from 6 MHz to fifteen MHz in 1800 MHz band. This may increasingly lend a hand Ufone to supply enhanced high quality and building up protection footprint for Voice and Knowledge products and services.
PTA finished public sale procedure with the help of the world over reputed guide Frontier Economics who was once onboard since January 2021, and carried out thorough session with cell trade and different stakeholders.
Moreover, GoP constituted Auction Advisory Committee in October 2020 underneath the chairmanship of Finance Minister. MOIT&T issued Coverage Directive on 4th August 2021 underneath which the procedure has been finished.
License can be issued to Ufone which incorporates enhanced Community rollout duties and High quality of Carrier requirements to make sure shoppers hobby.
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