ISLAMABAD: Pakistan has sold 480 megahertz (MHz) of fifth-generation (5G) telecom spectrum for $507 million, the Pakistan Telecommunication Authority (PTA) confirmed after a live auction on Tuesday, marking a key step toward introducing faster mobile broadband.
The live auction was organized by the PTA to determine which telecom operators would acquire the frequencies needed to deploy 5G mobile networks across Pakistan.
Pakistan, a country of over 240 million people, is one of the world’s largest telecom markets by population, with over 190 million mobile phone users. However, most networks currently operate on fourth-generation (4G) infrastructure, and the rollout of 5G has faced delays in recent years due to regulatory, economic and spectrum-allocation challenges.
“In total out of 595 MHz, 480 MHz spectrum has been sold today,” PTA Chairman Hafeez-ur-Rehman said in a speech aired on state media. “This is a very big achievement and a big victory for Pakistan, in my opinion.”
Chinese mobile operator Zong bought 110 MHz of the 5G spectrum, while Ufone bought 180 MHz and Veon-backed firm Jazz bought 190 MHz, Rehman announced.
