The licensee award ceremony for 3G and 4G held in Islamabad on May 22, 2014 at Sarena Hotel.
The chief guest Prime Minister of Pakistan, Muhammad Nawaz Sharif awarded the 3G and 4G licenses to respective mobile companies.
Mobilink was awarded the 3G license of 10MHz band. Zong was awarded 3G and 4G license of both with 10MHz band while Ufone and Telenor were awarded the 3G licenses of 5MHz band each.
It maybe recalled that Ufone and Telenor paid their 50% up front fee for the spectrum while Zong and Mobilink paid 100% up front fee for the spectrum they had won. Additionally, 10% withholding tax on license fee will be deposited to government as well.
After the awarding of 3G and 4G licenses all mobile companies are set to officially launch 3G/4G services which Mobilink, Ufone and Telenor are already providing 3G trial services from 3 to 4 weeks except Zong which has not yet offered any trial services to its customers.
A positive response is received from international and local analysts about 3G/4G Spectrum Auction held in last month on April 23, 2014 in Pakistan. A total revenue of 1.2 Billion USD is generated with the auction which 2 unsold licenses of worth 505 Million USD us on hold yet.