In pursuance to the Policy Directive issued by Federal Government, Pakistan Mobile Communications Limited (Jazz) has signed renewed license with Pakistan Telecommunication Authority (PTA).
The license is renewed for a fee of USD 486.2 million for 15 years, out of which 50% of the amount i.e. Rs 44.54 billion (equivalent to USD 243.1 million) has been deposited by Jazz and the remaining amount will be paid in 5 equal annual installments along with applicable markup.
Renewed license has enhanced terms and conditions for coverage and Quality of Service, said a news release issued here on Tuesday.
The license renewal ceremony, held at PTA today, was attended by Federal Secretary for IT & Telecommunication, Dr. Muhammad Sohail Rajput; Chairman PTA, Maj. General Amir Azeem Bajwa (R); Member Compliance & Enforcement (PTA), Dr. Khawar Siddique Khokhar and senior management of PMCL (Jazz), PTA, MOIT & FAB.—APP
