The inadvertently leaked information regarding the government’s plan for auctioning 3G and 4G licenses was endorsed by the government on Friday.
Ishaq Dar said in a press conference that by the end of March, the process of third generation spectrum auction will commence with countries like Turkey, Saudi Arabia and Qatar expected to take part.
He stated that the government has approved the draft Information Memorandum prepared by their consultants.
A high-level government source earlier said that the government had officially endorsed recommendations proposed by the auction consultants. The meeting consisted of finance minister and minister of state for information technology Anusha Rahman.
The information was accidentally leaked by a photographer of the Associated Press of Pakistan (APP) when he inadvertently took a photograph of the proposal.
Photography revealed that the Pakistan Telecommunication Authority (PTA) will auction 50MHz of spectrum (30 MHz in 3G band and 20MHz in 4G band).
The base price will be $295 million per 10 MHz for 3G and $210 million per 10 MHz for 4G.
