Pakistan raises $1.1 billion from first 3G, 4G auction

Apr 23 2014 12:08PM EST | Source: REUTERS Technology

ISLAMABAD (Reuters) - Pakistan raised $903 million in its first auction for 3G mobile phone networks on Wednesday, as well as $210 million for the more advanced 4G spectrum, with four foreign-owned companies emerging as winners from the long-anticipated bidding process.