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.