SLAMABAD: Pakistan Telecommunication Authority (PTA) chairmanannounced auction results of most-awaited 3g and 4g licenses on Wednesday.

A Pakistani cellular company, Zong has won 10 Mega Hertz (Mhz) and 18 Mhz spectrums of 3g and 4g technologies respectively.

Ufone and Telenor get licenses of 4 Mhz band while Mobilink grabs 21 Mhz band including license of 10 Mhz band of 3g.

Pakistan’s Finance Minister Ishaq Dar praised efforts Pakistan Telecommunication Authority (PTA) and Ministry of Information Technology (IT) for organising successful auction event.

Two 4g licences could not be sold of worth Rs21 billion each at the time while four licences of 3g spectrum has been sold out at Rs111 billion, Dar said.

Transparency in the auction process will be made at any cost, he added.

The finance minister congratulated whole nation over successful auction as the development would produce thousands of employments in the country.