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The government completed its 5G spectrum auction in Islamabad on Tuesday, with 480 megahertz sold for $507 million at the end of the third round of bidding.
The three bidders — Zong, Jazz and Ufone — competed heavily at 2600 megahertz for the key frequency band needed for the 5G service. Zong acquired 110MHz, Ufone 180MHz and Jazz 190MHz during the auction.
Pakistan offered 700 MHz for $32.5m, 1800 MHz for $16.8m, 2100 MHz for $70m, 2300 MHz for $10m, 2600 MHz for $12.50m and 3500 MHz for $6.5m per lot.
The bidding process was launched in the presence of Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarrar, former IT minister Syed Aminul Haque, and the chairperson of the National Assembly Standing Committee on IT and Telecom, along with some members of the committee.
