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Pakistan raises $1.1 billion from first 3G, 4G auction

23
Apr
2014

By Syed Raza Hassan ISLAMABAD (Reuters) – Pakistan raised $903 million in its first auction for 3G mobile phone networks on Wednesday, as well as $210 million for the more advanced 4G spectrum, with four foreign-owned companies emerging as winners from the long-anticipated bidding process. The four winners of the 3G auction were Russian-owned Mobilink, Chinese-controlled Zong, Norway’s Telenor , and Ufone – a company jointly owned by the Pakistan government and the United Arab Emirates’ Etisalat . As for the 4G spectrum, the sole winner was Zong, according to the Pakistan Telecommunication Authority (PTA). Warid Telecom Pakistan, another company operating in Pakistan, did not make any bids.

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