Telenor Pakistan has acquired the technology neutral 850MHz spectrum license at base price of $395 Million.
Mrs. Anusha Rahman, the minister for IT & Telecom, formally handed over the 850MHz spectrum license to Mr. Michael Foley ex-CEO Telenor Pakistan at the license awarding ceremony.
The chairman PTA and senior officials from FAB and MoIT, and Secretary IT were also present during the ceremony. Mr. Rizwan Bashir, secretary IT, congratulated Telenor Pakistan for winning the auction as well as Anusha Rahman congratulated Telenor Pakistan and appreciated their significant role at the Telecom sector of Pakistan.
Michael Foley, ex-CEO Telenor Pakistan, stated during the address,
Telenor is committed to supporting Pakistan’s efforts to become a digitally developed nation. Driven by our vision of empowering societies, our success to date has been built on a simple realization: mobile communication, financial services and internet are not luxury goods for the few; they are for everyone.
In the license, PTA had announced a 10MHz block in 850MHz band to be auctioned at a base price of $395 million and Telenor was the only telecom that submitted a bid. With acquiring the licences, Telecom has become the third 4G services provider in the country following Zong and Warid Telecom.
In the photo: The picture shows Anusha Rahman, Minister of State for Information Technology & Telecom, presenting the license to Michael Foley, ex-CEO Telenor Pakistan. Also seen in photo are Rizwan Bashir Khan, Secretary IT and Telecom, Ministry of Information Technology and Telecom, Mudassar Hussain, Member Telecom, Ministry of Information Technology and Telecom, Dr. Ismail Shah, Chairman PTA, Abdul Samad, Member Compliance and Ethics, PTA, and Irfan Wahab Khan, Telenor Pakistan’s CEO.
