Pakistan's top telecommunication authority has decided to take legal action against foreign news agency Reuters for trying to "sabotage" the much-awaited auction of next-generation cellphone spectrum licences.
Pakistan is set to hold auctions for 3G and 4G network licences on April 23, a step that the finance minister says will raise at least $1.3 billion.
The bid submission process for the auction was carried out last week to which response received from four existing cellular mobile operators of Pakistan was “very encouraging and satisfactory for the PTA,” according to the Pakistan Telecommunication Authority.
However, news agency Reuters claimed there was scant interest in the auction, and that Pakistan would not be able to raise no more than $850 million.
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