Pakistan Telecommunications Company Ltd. (PTCL), owner of mobile carrier Ufone, may be on the lookout to buy another mobile service provider ahead of the 3G auction expected this year. According to reports, Walid Irshaid, CEO, PTCL has said that he doesn’t rule out any acquisition and that they are not selling but are infact buying. He further said that Pakistan cellular rates are the cheapest in the world and cannot continue. He added that the market has to consolidate; otherwise this will be a losing proposition for every operator.
As per sources, the government may auction 3G bandwidths this year, but is yet to specify how many licences would be up for grabs among the country’s five mobile service providers. Mr. Irshaid also claimed that there can’t be five 3G operators when the revenue per user is too low and that there should be only two or three operators with better control on prices.
