Sector regulator the Pakistan Telecommunication Authority (PTA) is expected to complete its preparation of an Information Memorandum (IM) for the upcoming 3G/4G spectrum auction by mid-February, ProPakistani writes, citing sources close to the matter. The IM will detail the terms for participation in the auction as well as spectrum pricing, sale process and any restrictions. Officials have so far remained tight-lipped regarding the reserve prices for frequencies, causing concern for cellcos which claim that their investment in the technology will be limited if sale price is too high. The long-delayed auction is due to take place in March 2014. The PTA also announced that it has established a separate website for information relating to the tender (www.pta.gov.pk/spectrumauction).