Move to sell extra telecom spectrum for $1bn


akistan will this week begin the process of selling unused telecom spectrum in an auction it hopes will raise around $1 billion and enhance network capacity, said three senior government officials familiar with the matter.

The spectrum is in the 1800 and 2100 MHz bands typically used by operators for 4G LTE (long-term evolution) networks that offer faster video streaming and internet downloads, said the officials.

They asked not to be named as they were not authorised to discuss the matter with the media.

The country plans to kick-start the process by laying out plans to retain an international consulting firm that would design the auction process, and advise on base pricing and other details, they said, adding that no sale date has yet been set.