No foreign or new player bid in Pak's 3G/4G auction

Pakistan has received four bids for the upcoming 3G/4G auction but no new player or international firms has shown any interest in the bidding that was expected to fetch USD 2 billion.
Four existing Cellular Mobile Operators (CMOs) - China Mobile, PTML (UFone), Mobilink and Telenor Pakistan - submitted their bids while Warid did not participate.
This means that the Pakistani government would miss its target of financial gain through this auction.
After evaluation of bids PTA will announce the qualified bidders on April 17.
As the demand is more than the supply, the allocation of spectrum will happen through an auction process.

The minimum base price for a 3G auction is USD 295 million.

Pakistan Telecommunications Authority's spokesperson said that the response received from four existing cellular mobile operators of Pakistan is very encouraging and satisfactory for the PTA.
The official denied a media report that said the bids were disappointing.
The spokesperson said that "it is entirely wrong to say that no cellular mobile operator has shown interest in 4G (1800 MHz) as it can possibly be the writer's own wish but not the fact".
Warning that it will take legal action against the international wire agency, the spokesperson said that as per the Information Memorandum (IM) issued by PTA, no operator could bid for 5MHz.

The minimum slot for which bid could be submitted was 10 MHz.