ISLAMABAD: The 3G and 4G spectrum auction for Next Generation Mobile Services will be held tomorrow at 8 A.M., ARY News has learnt.
According to sources, Pakistan Telecom Authority (PTA) has finalized all arrangements for the Spectrum Auction.
The Auction will take place using an electronic System which will allow the bidders to participate in the auction. PTA has chosen the Simultaneous Multiple Round Ascending Auction mechanism.
Four comapnies namely China Mobile (Zong), Mobilink, PTML (Ufone) and Telenor Pakistan will bid for the 3G and 4G for 1800 MHz and 2100 MHz Spectrum.
According to PTA three 3G licenses and two 4G licenses will be auctioned. And in order to buy 4G license buying of a 3G license is mandatory.
The lowest biding price set for 3G license is $290.5 million while for 4G it is $210 million.