Govt will get $279m in spectrum public sale – Newspaper

ISLAMABAD: Amid withdrawal of bids by three fundamental gamers within the telecom sector, Ufone has obtained 9MHz spectrum in 1800-megahertz band for $279 million, permitting the corporate to enhance its high quality of service in addition to broaden penetration in several underserved areas.

The Pakistan Telecommu­nication Authority (PTA) on Friday declared Ufone as the only winner within the public sale of further spectrum 2021.

Briefing the media on the outcomes of the public sale, PTA Chairman retired Maj Gen Amir Azeem Bajwa stated Ufone must deposit 50 per cent (Rs23.44 billion) of the bid quantity within the authorities treasury inside 15 days.

The corporate had already paid 20pc (Rs9.38bn) of the quantity on Thursday and pays the remaining 50pc in 5 equal annual installments. Whole spectrum received by Ufone is 9MHz in 1800MHz band, which is 70.3pc of the full provided spectrum on this band in the course of the public sale. With this addition, the spectrum holdings of Ufone will improve from 6MHz to 15MHz in 1800MHz band.

Mr Bajwa stated the public sale couldn’t be termed a failure or a flop present as a result of it was an open and free market, including that every one the gamers had been invited to take part within the public sale and solely those that wanted spectrum purchased it.

Responding criticism of the public sale course of, he stated: “It’s clear that Jazz has a big large base and the corporate has even introduced that they don’t require recent spectrum in the interim; related assertion has been issued by Telenor. Zong has some spectrum below litigation they usually have to be hoping to have it eventually.”

The PTA chairman stated it was a advertising choice by these firms and the preliminary demand of the trade in 1800MHz band was 6.4MHz, whereas 9MHz spectrum was offered and that too was a advertising choice by Ufone. He stated cellular firms used to say that the federal government was hoarding spectrum by not providing it, however now they’d stayed away from it.

Mr Bajwa stated the bottom value of spectrum was not excessive; it was least expensive within the area in comparison with India and Bangladesh. Respon­ding to a query, he stated PPRA guidelines allowed single bidders to win the public sale as entry of others was not restricted within the course of.

Printed in Daybreak, September eleventh, 2021

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