Pakistan held its 5G spectrum auction on March 10, 2026, raising approximately how much money?
Correct answer
D. US$507 million
Explanation
On March 10, 2026, Pakistan Telecommunication Authority (PTA) held its 5G spectrum auction, raising about US$507 million after selling spectrum to Jazz, Zong, and Ufone. Pakistan completed its 5G spectrum auction on March 10, 2026, raising approximately $507 million to $510 million (around PKR 142 billion). Instagram Instagram +2 Key Details of the Auction: Total Spectrum Sold: The Pakistan Telecommunication Authority (PTA) sold 480 MHz of spectrum across various bands (700 MHz, 2300 MHz, 2600 MHz, and 3500 MHz) out of 597 MHz offered. Participants: The auction saw participation from three major telecom operators: Jazz, Ufone, and Zong. Finalized Revenue: While the initial auction concluded with $507 million, the finalization of the assignment stage to determine specific frequency positions added an extra $3 million, bringing the total proceeds to $510 million. Impact: The auction is expected to significantly boost Pakistan’s mobile broadband capacity and accelerate 5G rollout, with services anticipated in major cities within six months.