ISLAMABAD ( ABRAR MUSTAFA )
Zong Ufone Telenor and Mobilink will get 3G & 4G license by 10 May 2014. Prime Minister Mian Nawaz Sharif give license in graceful function. Source from Ministry Telecom confirmed Telecoalert. TELENOR and UFONE have been paid 50% of license fee as per terms and condition. Zong, a subsidiary of China Mobile, will pay $516 million in one tranche on account of licence fee for two next-generation spectrums, confirmed the company’s Chairman and Chief Executive Officer (CEO) Fan Yunjun. CMPAK Limited,( Zong ) bid the highest – $306.9 million – for a 3G licence in the 10MHz band, making it eligible for a 4G licence at the base price of $210 million. The base price for 3G was set at $295 million. Of the total $1.112 billion earned by the government, Zong paid $516.92 million for the two licences.
While talking to media on the sidelines of a conference organised by the company to announce that it has got the sole licence for 4G from the Pakistan Telecommunication Authority (PTA), Yunjun said that his company will clear all outstanding payment before expiry of the one-month deadline. “Yes, we will pay licence fee of 3G and 4G in US dollars. We are going to pay over $500 million very soon as the company wants to kick-start its 3G services shortly,” Zong Chief Executive Officer Dr Fan Yunjun, said while addressing a news conference here on Tuesday.
“[The move by Zong] demonstrates the friendship between Pakistan and China,” Yunjun added.
Flanked by adviser to CEO, Sikandar Naqi and other Zong officials on the occasion, Yunjun said that 4G services would start after several months as they would have to get ready for providing quality services to their customers. He said that the penetration of 10 percent broadband would increase GDP growth by 1.4 percent. Voice communication, he said, has been increasing in Pakistan and Zong’s customer base increased from 10 million in 2011 to 25 million in March 2014. “This is a moment of pride as consumers will now have access to the most advanced telecom technology and this is our chance to prove ourselves as the ‘Indispensable Digital Life Partner for Life’ for every Pakistani,” the Zong chairman said.