Latest 4G Entrant, Jazz formally receives 4G Spectrum for USD 295 Million
Jazz (Formerly Mobilink) has been formerly awarded the 4G license by PTA (Pakistan Telecom Authority) as the only bidder of technology neutral license for 10 MHz of frequency spectrum. In the bidding process Jazz had the option to either pay $295 million as license fee along with additional 10% tax to FBR (Federal Board of Revenue) up front or make 50% payment on spot and rest of the payment in equal annual installment with interest at 3% every year.
The company, however, opted to submit entire license fee along with applicable tax to start the work on expanding 4G coverage in Pakistan. Currently, Zong is leading the 4G connectivity race both in terms of total number subscribers as well as highest city wide coverage.
Speaking at the occasion, “Minister of State for Information Technology and Telecommunication Anusha Rahman said that license for 60 megahertz spectrum had been issued in the last three years, adding the government would start preparation for introducing 5G in the country by 2021”.
Jazz CEO Aamir Ibrahim also said at the occasion. “Acquisition of the additional spectrum demonstrates Jazz’s investment in the country’s digital future – in line with our vision of becoming a true digital entity.”
It is pertinent to mention that after Jazz successful bid for 4G spectrum, Ufone now remains the only cellular network that offers 3G data connectivity only, the rest of the three operators have now offered both 3G and 4G high-speed data connectivity.
Picture credit: Pakistan Observer