ISLAMABAD: The federal government has formally handed over a 4G license to Jazz Pakistan, the successful bidder, during a ceremony at the Ministry of Finance on Friday.

The newly-awarded license will enable Jazz to launch 4G services in Pakistan, making it the third 4G operator in the country.

According to Pakistan Telecommunication Authority (PTA), the Jazz had participated in the auction held in May and submitted its bid for S 259 million for the technology-neutral license for 10 MHz of frequency spectrum.

Finance Minister Ishaq Dar and State Minister for Information Technology and Telecom Anusha Rahman participated in the ceremony as chief guests.

Addressing the participants, Anusha Rahman said that the new 4G license would further benefit the citizens of Pakistan and economy. Telenor and Zong are already providing 4G services to its customers. An official at Ufone said that they did not feel that consumers were ready for 4G services because the price of 4G services is too high and out of reach for the average subscriber.

Courtesy: TNN