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Ministry of IT & Telecom Points a Coverage Directive for Renewal of Jazz License –

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The federal government of Pakistan has shared its projection to generate $500 Million by renewing Jazz license. The Ministry of IT & Telecommunications has now issued a coverage directive to resume the license for Jazz. Estimated income of $486.2 million or 85.57 billion rupees might be generated by means of this license renewal as per the Federal Minister of IT & Telecom.

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The license renewal is for the 900 MHz band which might be priced at $39.5 million and the 1800 MHz band priced at $31 million as per the Federal Minister. Along with that Jazz will renew a complete of 13.6 MHz in each bands. The telecom operator has the choice to pay for the renewal in both US {dollars} or Pakistani rupees and the federal government of Pakistan has additional made it handy by giving them the choice to pay in full or 50% on the time of renewal with the remaining quantity to be paid in subsequent 5 years in installments.

The license might be renewed for 15 years with all situations, together with high quality of providers, which might be carried out in accordance with the foundations. Furthermore, MoiTT has given directions to Pakistan Telecommunication Authority and Frequency Allocation Board for license renewal, as Pakistan’s Cell Communications Restricted Jazz license expires on July 5, 2022. 

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