ISLAMABAD: After the issuance of the policy framework by the government, the Pakistan Telecom Authority (PTA) on Friday announced that the spectrum auction will be held on Feb 26.

The telecom sector regulator unveiled an Inform­ation Memorandum (IM), which requires to hold the auction on the 47th day after issuance of the IM.

It clearly stated that the upcoming spectrum will be operative only in Pakistan and does not include AJK and Gilgit-Baltistan.

The PTA has said that given the acquisition of Telenor Pakistan by PTCL, either PTCL, Ufone, or Telenor may participate in this auction process. The move will allow the other two companies — Zong and Jazz — to remain competitive in the market.

As the government has relaxed certain financial obligations for telcos........

© Dawn Business