PTA renews Jazz license for $449.2 million

PTA renews Jazz license for $449.2 million

ISLAMABAD: Pakistan Telecommunication Authority (PTA) on has renewed license of Jazz at a price of $449.2 million, according to a statement issued on Monday.

The PTA said that after dismissal of a petition from Islamabad High Court, PTA has renewed Jazz License due for renewal since 2019.

Renewed License has enhanced terms and conditions for coverage and Quality of Service, as established during the recent Pakistan Spectrum Auction.

The license signing was held at PTA Headquarters on Monday.

The license is renewed at a price of $449.2 Million out of which Jazz has already paid $333.64 million on account of license renewal fee and applicable markup.