Thursday, 27 August 2015

FM Phase III auction Day 24: Rs 1143 crore bid for 94 channels

E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced today on 27th August 2015 at 09.30 AM and during the day, four rounds of bidding took place. Till now, 96 rounds of bidding are over.
At the close of the 24th day of bidding, 94 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1143 Crore against their aggregate reserve price of about Rs 459 Crore. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 94 channels by Rs 684.1 Crore or 149.1%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 592.8 Crore or 107.7%.  
The Auction for the first batch comprising 135 FM Channels in 69 existing cities of Phase II began on 27th July 2015.
The Auction Activity Requirement (AAR) is 100%. It was increased from 90% after 59th Round on 14th August, 2015. The channel allocation stage will continue till the bids are received for any of the 135 channels.
Bidding will re-commence on 28th August, 2015 at 09.30 AM.
The following Table summarizes 24 days of bidding:
Sourcehttp://cablequest.org/index.php/news/national-news/item/7786-fm-phase-iii-auction-day-24-rs-1143-crore-bid-for-94-channels

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