Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Pakistan invites Saudi telecom companies to 3G auction  Join our daily free Newsletter

MENAFN - Arab News - 15/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) Pakistan’s Telecommunication Authority (PTA) has extended an invitation to Saudi telecom companies and entrepreneurs to participate in the auction of 3G telecommunication licenses, which is expected to be held in March 2014. Pakistan expects to earn an estimated 2 billion with the auction of these licenses

Syed Ismail Shah, chairman of PTA, recently extended the invitation in his meeting with Abdulaziz A. Alsugair, chairman of the board of Saudi Telecom Company (STC). Commercial Attach of the Pakistani Embassy, Waseem Hayat Bajwa was also present

Norwegian telecom conglomerate Telenor, China Mobile and Pakistan-based Mobilink have already shown interest in bidding for the 3G licenses

Highlighting the opportunities, the PTA chief mentioned that Pakistan has an untapped data market, with less than two percent penetration that can be captured by new companies who obtain the 3G spectrum

He said: “The government is considering not only to auction spectrum in the 1900/2100 MHz range but also in the 1800 MHz band for deployment of long term evolution (LTE) in the country, thus making it a very attractive option for investors.

The STC chairman showed his enthusiasm in the upcoming auction, acknowledging that statistics pertaining to opportunities in Pakistan were highly attractive. He also appreciated the efforts being undertaken by Pakistan and agreed to continue the dialogue with PTA

According to reports, Pakistan’s mobile sector has been increased with more than 129 million mobile subscribers as compared to 13 million in 2005

The total tele-density is climbing up to around 75 percent with the widespread use of smart phones, while the launch of 3G and LTE services is expected to result in exponential growth in broadband subscribers in Pakistan.


 


Arab News




  MENA News Headlines
 Oct 24 2014 - Qatar- Aljazeera to mark 300 days since arrests of journalistsThe Peninsula
(MENAFN - The Peninsula)   Aljazeera will be airing a special 300 second montage live on TV and online today to mark the 300 days since the arrest of its journalists Baher Mohamed, Mohamed Fahmy and ...

 Oct 24 2014 - Qatari, Iranian firms sign agreementThe Peninsula
(MENAFN - The Peninsula)  Qatar's Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday visited the Islamic Republic of Iran, accompanied by a delegation that ...

 Oct 24 2014 - Ecuador invites Qatari investors in key sectorsThe Peninsula
(MENAFN - The Peninsula)  The visiting President of the Republic of Ecuador, Rafael Correa Delgado, invited Qatari businessmen to invest in some of the promising sectors of the Ecuadorean economy, ...

 Oct 24 2014 - Qatar- Interior Ministry signs deal worth QR329m at MilipolThe Peninsula
(MENAFN - The Peninsula)  The total number of people who visited the recently concluded Milipol Qatar exhibition reached 6,583 persons from 63 countries, according to a press statement.Brig Nasser ...

 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

 Oct 24 2014 - Saudi- Lifebuoy bowlers strike double in Mobily CupArab News
(MENAFN - Arab News) Lifebuoy bowling team made an impressive start to the Thursday League 12th Conference for Mobily Cup winning a Team of the Week and Bowler of the Week double at the Bowling City ...

 Oct 24 2014 - Saudi- Alaska Aces trump Purefoods 93-73Arab News
(MENAFN - Arab News) MANILA: Everything was going well for debuting reigning Grand Slam champion Purefoods on Wednesday night until the Star Hotshots known last season as the San Mig Coffee Mixers ...

 Oct 24 2014 - Malaysia charges 3 with supporting ISArab News
(MENAFN - Arab News) KUALA LUMPUR: A Malaysian court on Thursday charged three men with supporting the Islamic State (IS) after they were arrested while attempting to leave the country to join the ...

 Oct 24 2014 - Corruption 'paralyzes' Ukraine: PoroshenkoArab News
(MENAFN - Arab News) ODESSA Ukraine: Corruption is 'paralysing' Ukraine's economy President Petro Poroshenko said Thursday on a pre-election visit to the country's most important sea port.Poroshenko ...

 Oct 24 2014 - New Swedish govt steps up spendingArab News
(MENAFN - Arab News) STOCKHOLM: Sweden's new left-wing government presented Thursday its 2015 budget with the Nordic country's largest deficit in nearly two decades as it seeks to boost employment ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help