In pursuance to the policy directive issued by Federal Government, Pakistan Mobile Communications Limited (Jazz) has signed renewed license with Pakistan Telecommunication Authority (PTA).
As per a statement issued by PTA, the license is renewed for a fee of $486.2 million for 15 years, out of which 50% of the amount i.e. Rs44.54 billion (equivalent to $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.
