Reuter exclusively reports Pakistan to auction telecom spectrum

Reuters reported exclusively that Pakistan will begin the process of selling unused telecom spectrum in an auction it hopes will raise around $1 billion and enhance network capacity. The spectrum is in the 1800 and 2100 MHz bands typically used by operators for 4G LTE (long-term evolution) networks that offer faster video streaming and Internet downloads. Pakistan is anxious to replenish state coffers that have been hit by a slump in the economy and in tax collections exacerbated by the coronavirus pandemic.