Pakistan Electronic Media Regulatory Authority held bidding for auction of three DTH licenses today.
After fierce bid-war of over 15 hours, PEMRA announced three winners as following:
- Mag Entertainment
- Shahzad Sky
- Startimes Communication
Successful bid was announced at Rs. 4.898 billion for single license. All three winners will get DTH license for this same amount.
PEMRA, as a whole, will bag Rs. 14.694 billion as a result of this bidding.
Process had started DTH bidding after Supreme Court issued a short order allowing it to hold the auction. Apex Court, however, said that outcome of bidding will be conditional with High Court’s detailed order.
Final bids were as following:
You can check below ProPakistani’s Live coverage on the entire bidding process: