PTA INVITES ALL PARTIES FOR 4G BID SPECTRUM
Islamabad:
Pakistan Telecommunication Authority (PTA) has received one bid till the
deadline of 17th May (1600 hrs) for a 10 MHz paired slot in 1800 MHz. The bid
was placed today by M/s Jazz. PTA has called for bids from operators as part of
spectrum auction for Next Generation Mobile Services (NGMS) 2017 through
national and international media.
PTA
completed this procedure in an open and transparent manner, in line with the
policy directive of the Ministry of IT & Telecom, IM for auction and rules
of the Public Procurement Regulatory Authority (PPRA). In accordance with the
timelines of the auction process, an information session with the prospective
bidders was also held on 3rd May, 2017.
PTA will now
evaluate the bid as per IM and if it is found to have met all required
conditions the bid will be declared successful.
The
successful bidder will have two options for payment i.e all payment (USD 295
Million) made upfront, or 50 percent payment can be made upfront and remaining
50 percent in 5 equal annual installments with one year LIBOR plus 3%.
In
addition successful bidder will also pay 10% tax on the auction winning price to
FBR which comes to 29.5 USD Million.
It may be
noted that this is the third NGMS auction held so far since 2014 and a total of
USD 1.98 Billion have been earned for the national exchequer through these
spectrum auctions.
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