The government’s 5G spectrum auction is underway in Islamabad, with the three bidders — Zong, Jazz and Ufone — competing heavily at 2600 megahertz for the key frequency band needed for the 5G service. Pakistan is offering 700 MHz for $32.5 million, 1800 MHz for $16.8m, 2100 MHz for $70m, 2300 MHz for $10m, 2600 MHz for $12.50m and 3500 MHz for $6.5m per lot. After the first round of bidding, the compiled results were opened. The PTA had offered 190MHz in lots of 10MHz each, while the bidders dem...