Telenor group has unveiled its plan to invest over USD 1 billion in Pakistan, including the license fee, after acquiring 3G spectrum in Pakistan.Telenor will invest another USD 700 million in the nation to expand its 3G network across the nation, said Jon Fredrik Baksaas, President and CEO of Telenor Group during a conference with a press delegation from Pakistan viewing Telenor’s headquarter.
Mr. Baksaas said that third creation telecommunications solutions (3G or 4G) are very essential for a nation like Pakistan as it will not only identify the industry styles but will result into greater internet penetration and improved GDP of the country. He said that 3G or 4G solutions are likely to effect rural life more than in the towns.
When requested for guidance from Mr. Baksaas regarding the future 3G license auction, Mr. Baksaas said that Pakistani govt should keep things in stability between upfront auction fee and the ability and desire of the industry to construct quality 3G system in the country. Providing the example of India, Mr Baksaas advised that Indian providers kept having difficulties for 3G rollouts because they had spent too much in the variety charges and were remaining with little choices for the system structure.
Fredrik Baksaas said that Telenor team is satisfied with the new procedures implemented by the regulator for confirmation of SIMs. He said that every country has its particular strategy to how they put up their regulating structure for the industry for accomplishing various objectives and objectives. Mr. Baksaas said that confirmation of SIMs is a typical exercise and is followed in almost every industry just like Pakistan.
However, Mr. Baksaas said, the Telenor Group and investors are involved about the concept of closing down the solutions due to protection factors. Mr. Baksaas said that govt authorities should look into better and more effective choices of decreasing protection risks than closing down the solutions.
Telenor said that it has spent over USD 2.3 billion in Pakistani industry so far.
Mr. Baksaas, when requested that why Telenor never hired a Pakistani as CEO of Telenor Pakistan, said that team has two Non-Scandevnians as CEOs of their particular nations suggesting that there are possibilities of a Pakistani to become a CEO as well.
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