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.
HunzaNews April 23,2014
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.
1:25pm
In the third round, PTA received a total bid of $896.8 million. The bid for lot A increased by $5.9 million. The results can be viewed below:
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1:15pm
If one of the four bidders – who are each bidding for four blocks – bids higher on a second block, they will get that too. This means that one company can lose out in the auction.
Therefore, all bidders have to be careful when they keep their bids the same in each round – in case someone swoops in and bids higher for the block they are bidding the base price for.
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1:00pm
The bidding for the third phase of the auction is ongoing and the result is expected to be announced at 1:30pm.
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12:35am
The second phase of bidding is also complete. The results can be viewed below:
12:30am
The CEOs of telecom companies participate in the spectrum auction from their offices.
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12:20am
The PTA Chairperson Syed Ismail Shah addresses the attendees at the spectrum auction.
A lot excitement and buzz can be seen at the Marriot hotel in Islamabad at this historic moment.
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12:10pm
PTA has organised the viewing of online bidding at Marriot in Islamabad. As big screens flicker with bidding activity, journalists, politicians and members of civil society gather together to witness what many called a historic moment.
The successful auction of 3G and 4G spectrums is expected to create more than 900,000 jobs in the country’s telecom sector.……………………………………………………………………………………………………………………………………ric
12:00pm
According to RadioPakistan, PTA has received $885 million in the first phase of bidding for the 3G and 4G auction.
Radio Pakistan
#PTA The first phase of bidding for 3 & 4 G spectrum license auction has been completed, in which PTA has received 885 million US dollars offers
#PTA has received offers beyond base price on completion of first phase of 3 and 4G spectrum licenses auction: Chairman PTA Dr. Ismael Shah
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11:50am
It is hoped that next generation mobile services will enable higher GDP growth and introduce more innovative e-services, such as E-medicine and E-education.
The deployment of 4G technologies will also provide our engineers and technician opportunities to acquire the latest skills and become competitive in the international market.
Express tribune
