PTA terminates Instaphone’s licence
Published January 4th, 2008
(TP) The Pakistan Telecommunication Authority has, with immediate effect, terminated the licence of Pakcom (Instaphone) on account of the company’s failure to pay its outstanding dues. Instaphone’s licence was renewed on 19 April 2005 for another term of fifteen years against a price of USD 291 million payable in instalments as per the licence conditions. The licensee failed to follow the payment schedule provided in the renewed licence. Instaphone, through its representative from time to time, requested the PTA to allow time to make the outstanding payments. Inspite of every concession, to the licensee, in terms of time and its persistent failure to make the payments, action, including show-cause, was initiated which was neither satisfactorily replied nor outstanding dues paid. PTA’s opinion is that the licensee’s contravention of the terms and conditions of the licence regarding its financial obligations is grave and persistent, resulting in the termination of its licence. PTA has also directed the Frequency Allocation Board to immediately withdraw its frequency spectrum assigned to Instaphone.
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