4G Licence in Pakistan : Telenor awarded with 4G license by PTA
Shares
KARACHI: Norwegian telecom giant Telenor has been awarded with 4G license at $395 million by Pakistan Telecom Authority to promote its services on a booming domestic mobile market.
As per details, Telenor company decided to capitalize in market taking 4G license observing the increasing number of broadband internet users in the country.
First 4G broadband license had been auctioned to China’s Zong for $210 million by Pakistan along with 3G license to Zong, Warid and Mobilink. Total $1.2 billion had been raised in the auction in 2014.
According to the PTA annual report, 123% hike in smartphone shipment to country had been observed in the first quarter of 2015 which was the fastest growth in any developing country.
Pakistan has a higher percentage than India, Nepal and Bangladesh in broadband users since its use has exploded.
Telenor company has won the bid and it would be granted license for 850 MHz on the base price of $395 million. Telenor will be granted with license within 30 days of payment. PTA Official said.
