PTA declared jazz as the successful winner of 4G spectrum auction according to reports we received. Being the only operator to have participated in 4G spectrum auction , Jazz qualified as the winner without any bidding.
Details we received: having won the 4G spectrum auction, within the next 30 days Jazz operators should start preparing to submit the spectrum fee, Pakistan Telecommunication Authority notified officially.
Sources also say that jazz will pay 50 per cent of USD 324 million (USD 295 million spectrum fee + USD 29.5 million tac). The payments are due within the next 30 days while rest of the 50 per cent of payment will be made by January the next year.
PAYMENT RULES FOR JAZZ
JAZZ had two options for payment, according to IM,
(1) to clear all dues (USD 342. 5 million ) upfront
(2) pay 50 % payment upfront and clear rest of the 50 % in equal annual installments with 1 year LIBOR plus 3 percent.
It is also confirmed by the sources that Jazz’s 4G spectrum will be assigned within the range of 1762.3 – 1785 / 1857.3 – 1880. And it is clear that Jazz can opt for any specific frequency within the assigned band.
Launch of 4G services
In a short ceremony, after the spectrum fee Is paid, Jazz will be awarded the spectrum officially, making Jazz able to use 4G spectrum.
Most significant point to be mentioned is that Jazz operates 4G acquired through Warid, in more than fifty cities with more than 1600 cell sites.
No doubt, Jazz’s investment in 4G coverage proves its rapid growth during 2017 and beyond.