AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Ufone Win Telecom Spectrum Auction For USD 279 million: PTA

admin-augaf by admin-augaf
September 11, 2021
in Business
Reading Time: 2 mins read
0
Ufone Win Telecom Spectrum Auction For USD 279 million: PTA

Ufone Win Telecom Spectrum Auction For USD 279 million: PTA

Share on FacebookShare on TwitterWhatsapp

Islamabad September 11, 2021: In accordance with the timelines mentioned in Information Memorandum (IM) for the Spectrum Auction for Next Generation Mobile Services (NGMS) in Pakistan 2021, the opening of application and sealed bid offers from the prospective applicants have been completed on 9th September 2021.

PTA received bid from PTML(Ufone), after scrutiny of submitted bid, PTA declares PTML as winner of the auction process.

This will generate the revenue of USD 279 Million (excluding advance tax). Government will receive 50% upfront payment of PKR 23.44 Billion within 15 days; out of which 20% of the said amount i.e PKR 9.38 Billion has already been received on 9th September 2021. Remaining 50% will be paid in 5 equal annual installments.


A L S O || R E A D

Pakistan To Auction Additional Telecom Spectrum On September 16


Total Spectrum won by Ufone is 9 MHz in 1800 MHz band which is 70.3% of the total offered spectrum in the said band during the current Auction. This addition will increase Ufone spectrum holdings from 6 MHz to 15 MHz in 1800 MHz band. This will help Ufone to provide enhanced quality and increase coverage footprint for Voice and Data services.

PTA completed auction process with assistance of internationally reputed consultant Frontier Economics who was onboard since January 2021, and conducted thorough consultation with cellular industry and other stakeholders.

Furthermore, GoP constituted Auction Advisory Committee in October 2020 under the chairmanship of Finance Minister. MoIT&T issued Policy Directive on 4th August 2021 under which the process has been completed.

License will be issued to Ufone which includes enhanced Network rollout obligations and Quality of Service standards to ensure consumers interest.

admin-augaf

admin-augaf

Related Posts

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged
Business

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

June 16, 2025
Pakistan Cement Despatches Drop 8% In Fiscal Year 2022 As Exports Sunk
Business

High Court Dismisses Appeal of Cement Companies in Royalty Case

June 16, 2025
Urea
Business

Pakistan’s Urea and DAP Offtake Picks Up in May

June 16, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

June 16, 2025
Pakistan Cement Despatches Drop 8% In Fiscal Year 2022 As Exports Sunk

High Court Dismisses Appeal of Cement Companies in Royalty Case

June 16, 2025
Urea

Pakistan’s Urea and DAP Offtake Picks Up in May

June 16, 2025
AsiaPak Investment Bought Stake in Fund that Holds Stake in K-Electric

KE Requested NEPRA To Not Allow PKR 4.69 Per Unit FCA Relief in Electricity Bills to Consumers

June 16, 2025
Trump Says US Close to a Nuclear Deal with Iran

Trump Administration Weighs Adding 36 Countries to Travel Ban – Reuters

June 16, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged
  • High Court Dismisses Appeal of Cement Companies in Royalty Case
  • Pakistan’s Urea and DAP Offtake Picks Up in May

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

June 16, 2025
Pakistan Cement Despatches Drop 8% In Fiscal Year 2022 As Exports Sunk

High Court Dismisses Appeal of Cement Companies in Royalty Case

June 16, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.