During the 3G and 4G spectrum auction in Pakistan that was arranged last week, the part of chine mobile, Zong telecom, has won 3G license for US 306 million dollars and 4G license for US 210 million dollars. Zong Pakistan has announced that it will pay the entire total fee for the license of 3G and 4G network and will not go for the installment plans for the submission of 3G and 4G license fee that is offered by the government of Pakistan.
Government of Pakistan telecom operators had been offered by the Government of Pakistan to give 50% license fee as up front and apparent remaining dues in 5 years with markup of LIBOR plus 3% of the original billed amount. Chairman and Chief Executive Officer of Zong, Dr. Fan Yunjun, said: “Zong will clear its dues in a solitary go within coming few days, instead of paying 50% license fee up front and after that paying five equal installments (with interest)”.
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