Pakistan to reason 3G, 4G auctions in April: financial minister

Pakistan to reason 3G, 4G auctions in April: financial minister

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ISLAMABAD: Pakistan will reason long-awaited auctions for 3G and 4G telecoms licences this April, a financial apportion pronounced on Friday, a step that could assistance boost a cash-strapped country’s unfamiliar reserves.

A 3G looseness will cost $295 million and a 4G looseness will cost $210 million, Finance Minister Ishaq Dar said.

He pronounced a supervision would be looking for full payment, or a 50 per cent remuneration with a rest to be paid in 5 equal installments over 5 years, with an seductiveness rate of 3 per cent.

There are about 132 million mobile phones in use in Pakistan, a nation of 180 million people, according to a Pakistan Telecommunication Authority.

The telecommunications marketplace was deregulated in 2004 and unfamiliar firms such as Etisalat have invested heavily in new years.

Article source: http://www.dawn.com/news/1088555/pakistan-to-hold-3g-4g-auctions-in-april-finance-minister