In pursuance to the Policy Directive issued by Federal Government, Pakistan Mobile Communications Limited (Jazz) has signed renewed license with Pakistan Telecommunication Authority (PTA).
The license is renewed for a fee of USD 486.2 Million for 15 years, out of which 50% of the amount i.e. Rs. 44.54 Billion (equivalent to USD 243.1 million) has been deposited by Jazz and the remaining amount will be paid in 5 equal annual installments along with applicable markup. Renewed license has enhanced terms and conditions for coverage and Quality of Service.
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The license renewal ceremony, held at PTA today, was attended by Federal Secretary for IT & Telecommunication, Dr. Muhammad Sohail Rajput; Chairman PTA, Maj. General Amir Azeem Bajwa (R); Member Compliance & Enforcement (PTA), Dr. Khawar Siddique Khokhar and senior management of PMCL (Jazz), PTA, MOIT & FAB.
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