PTA to auction 3G/4G licence for $395m

Regulator to complete task before end of current fiscal year on June 30 in a bid to overcome revenue shortfall.

KARACHI: The government has tasked the Pakistan Telecommunication Authority (PTA) with auctioning a 3G/4G mobile broadband licence at a higher base price of $395 million before the end of current fiscal year on June 30 in an apparent bid to overcome the revenue shortfall.

“The auction shall… be conducted by the PTA in the minimum possible time after the issuance of this directive within financial year 2015-16,” said a notification.