Officials said the licences will be given simultaneously to three telecom companies that secured bids during the recent auction process.

However, before receiving the licences, the companies must submit bank guarantees as part of the regulatory requirements.

According to PTA officials, one telecom company has already submitted its bank guarantee. The remaining two companies are expected to provide theirs within the next one to two days.

Also Read: PTML buys 5G spectrum in PTA auction – What it means for mobile users

Under the license conditions, each telecom company must submit a bank guarantee of $15 million to meet the legal and financial requirements set by the regulator.

Pakistan recently completed the second phase of its 5G spectrum auction, which is considered a major step toward launching faster and more advanced mobile internet services in the country.

Federal Minister for IT and Telecom Shaza Fatima Khawaja said the auction will generate about $510 million for the government.

PTA Chairman, retired Major General Hafeez-ur-Rehman, also confirmed the amount raised through the auction. He said the total revenue from the spectrum sale is about Rs142 billion.

Also Read: Big internet speed boost as PTML wins 180 MHz spectrum in 5G auction

Telecom companies participating in the auction praised the process and described it as transparent and fair.

They also announced that testing of 5G services has already started in several areas as preparations continue for the official rollout.

Officials believe the introduction of 5G technology will significantly improve internet speed, connectivity, and digital services across Pakistan.