Pakistan's Jazz has emerged as the sole bidder for a 10 MHz block of paired 1800-MHz spectrum conducted by regulator the Pakistan Telecommunication Authority.
Jazz submitting the minimum bid of $295 million just before the deadline, the News International reported.
The next generation mobile services auction drew limited interest from operators which mostly sat out of the auction, including Ufone – the only operator in the market without the capability to provide 4G services, which was expected to bid to rectify this.
PTA now plans to evaluate Jazz's bid, and if it is found to meet the required conditions the operator will be given two options for payment. Jazz will either be allowed to pay the whole price upfront, or pay a 50% first installment and five equal annual installment payments with interest.
Jazz will also be required to pay a 10% tax on the auction. Dawnreports a PTA official stating that high reserve price - $85 million more than the equivalent asking price for the same spectrum in 2014 – and level of taxation may be to blame for the lack of interest in the auction.
The report also cites an official at China Mobile's Pakistani subsidiary Zong stating that the company has no need for additional bandwidth.