Telenor Pakistan granted 4G licence for $395m

Telenor Pakistan granted 4G licence for $395m
Norwegian telecom big Telenor has been awarded a $395 million 4G licence, as Pakistan seeks to capitalise on a booming home cellular market some two years since broadband Web arrived within the nation.

In 2014, Pakistan auctioned its first 4G broadband licence to China’s Zong for $210 million, together with 3G licenses to Zong, the UAE’s Warid, and home Mobilink. The overall raised within the public sale was $1.2 billion.

Within the first quarter of 2015 smartphone shipments to the nation soared by 123 per cent, in keeping with the Pakistan Telecommunication Authority’s annual report, one of many quickest progress charges within the creating world.

Since then broadband use has exploded, with the variety of customers rising to round 29 million from a mere 1.9 million – the next proportion than India, Nepal and Bangladesh.

PTA had auctioned the licence to native and worldwide telecom firms, with Telenor successful the bid.

“The licence for 850MHz band can be awarded on base value of $395 Million in accordance with the schedule,” an inside assertion from PTA stated.

“The licence can be awarded to Telenor inside 30 days of fee,” it added.

Telenor Pakistan is 100 per cent owned by Norway’s Telenor Group, one of many largest cellular operators on the planet.