Thursday, 30 July 2015

FM Phase III auction Day 3: Rs 549 crore bid for 80 channels

E-Auction of the First Batch of Private FM Radio Phase III re-commenced on 29th July 2015 at 09.30 A.M. and during the day, four rounds of bidding took place. Till now, 12 rounds of bidding are over. 
On 29 July, 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 for 135 FM Channels in 69 existing cities of Phase II began on 27th July 2015. 
On 27 July, at the close of first day of bidding, 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. Total 26 bidders were allowed to participate in the auction.
On 28 July, 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.
The Auction resumed with Auction Activity Requirement set at 80%. Daily auction report for day 3 of e-Auction has been put on MIB website, www.mib.nic.in. Bidding will re-commence tomorrow on 30th July, 2015 at 09.30 AM.

Source: http://cablequest.org/index.php/news/national-news/item/7585-fm-phase-iii-auction-day-3-rs-549-crore-bid-for-80-channels

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