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FM Phase III e-auction Day 2: 79 channels become provisional winner

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intpic_auction-processFour rounds of bidding held on the second day of the e-auction for the first batch of 135 channels in 69 cities as part of the private FM Radio Phase III expansion.

At the close of second day of bidding, 79 channels in 55 cities became provisionally winning channels with cumulative provisional winning price of around Rs 479 crore against their aggregate reserve price of about Rs 377 crore.

At the close of first day of bidding, 78 Channels in 54 cities had become provisionally winning channels with cumulative provisional winning price of around Rs 395 crore against their aggregate reserve price of about Rs 357 crore.

Daily auction report has been put on the website of Ministry of Information and Broadcasting (MIB) – www.mib.nic.in.

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