(Telecompaper) The Pakistan Telecommunication Authority (PTA) announced that Telenor was the only company to submit a bid for the 850 MHz band licence on offer. As a result the auction for the spectrum will not go ahead. Earlier other operators, such as Mobilink and World Call, had expressed interest in the licence, which was left over from an earlier auction in 2014. However, only Telenor lodged a bid by the deadline of 01 June. The base price for the 2x10 MHz in the 850 MHz band was set at USD 395 million.