Looking for a specific product?

Make a search for products & suppliers, articles & news.

Telenor Wins 2nd Pakistan Cellular License

Pakistan's telecom regulator Wednesday awarded two cellular licenses for $291 million each to Norway's Telenor ASA (TEL.OS) and Space Telecom, a consortium of Pakistani and Middle Eastern investors, in a close auction among nine local and foreign bidders.

Pakistan's telecom regulator Wednesday awarded two cellular licenses for $291 million each to Norway's Telenor ASA (TEL.OS) and Space Telecom, a consortium of Pakistani and Middle Eastern investors, in a close auction among nine local and foreign bidders.

"This has been a very good price and a very good competition," said Shahzada Alam, chairman of state-run Pakistan Telecommunications Authority after conducting the auction.

Pakistan's new cellular policy introduces the two new licenses as the four existing players have been unable to meet the growing demand for mobile phone services of a population totaling more than 145 million.

The winners of the 15-year licenses will pay 50% of the amount upfront and the remainder over the next 14 years.

The licenses will allow international players seeking new sources of revenue to operate in a mobile phone market that is expected to grow by two million customers annually, making it one of Asia's fastest growing.

Currently four companies provide cellular phone service to nearly 3 million subscribers, with Mobilink, a unit of Orascom Telecom (ORTE.CI), capturing two million

Associated companies: