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FM Phase III e-auction Day 3: 80 channels become provisional winner

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e-auction12 rounds of bidding completed on third 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 third day of bidding, 80 channels in 55 cities became provisionally winning channels with cumulative provisional winning price of around Rs 549 crore against their aggregate reserve price of about Rs 377 crore.

The first batch auction for135 FM Channels in 69 existing cities of Phase II began on July 27.

Bidding: Day 1

78 Channels in 54 cities became provisionally winning channels with cumulative provisional winning price of around Rs 395 crore against their aggregate reserve price of about Rs 357 crore.

Bidding: Day 2

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.

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

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