The auction of three licences for direct-to-home (DTH) programming effectively concluded on Thursday with the pledged sums achieving the Rs14.6 billion mark.
The a success bidders might be issued the three licences clearance from the internal ministry and safety establishments.
The bidding started round 1pm on Wednesday from the Rs200 million mark.
The sealed bids have been opened and introduced in entrance of all bidders, mediapersons and more than a few stakeholders provide there.
Some of the 12 short-listed firms, 11 participated within the bidding procedure, whilst Maestro Media Distribution of Lahore pulled out of the auction.
Those that pooled their bids incorporated: HB DTH Pvt Ltd (Islamabad), IQ Communications Pvt Ltd (Karachi), MAG Leisure Pvt Ltd (Lahore), Naya Tel Pvt Ltd (Islamabad), Orient Electronics Pvt Ltd (Lahore), Sardar Developers Pvt Ltd (Islamabad), Shazad Sky Pvt Ltd (Islamabad), Skyflix Pvt Ltd (Islamabad) and Sensible Sky Pvt Ltd (Islamabad).
Opposite to predictions through Pemra officers that the DTH bidding would succeed in the Rs1.five billion mark for each and every licence, the race prompted between MAG Leisure, IQ Communications, Sardar Developers, Orient Electronics and Shazad Sky Pvt Ltd took the numbers means past their expectancies.
The bidding is step one against the release of DTH products and services in Pakistan. By the way, all South Asian nations, together with Afghanistan, have already got DTH products and services.
DTH is a virtual field that gives channels accredited to be aired within the nation to consumers with none cable connection.