A visitor rests under a Telenor Group sign at the GSMA Mobile World Conference in Barcelona February 18, 2009. REUTERS/Gustau Nacarino/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD APRIL 25' FOR ALL IMAGES
KARACHI: Pakistan has awarded a US$395mil (RM1.61bil) 4G licence to Norwegian telecom giant Telenor, as it seeks to capitalise on a booming domestic mobile market some two years since broadband Internet arrived in the country.
In 2014, Pakistan auctioned its first 4G broadband licence to China’s Zong for US$210mil (RM858.04mil), along with 3G licenses to Zong, the UAE’s Warid, and Pakistan’s domestic Mobilink. The total raised in the auction was US$1.2bil (RM4.90bil).
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