Wednesday, 29 July 2015

FM Phase III auction Day 2: 479 crore bid for 79 channels

The Ministry of Information and Broadcasting said that the bidding re-commenced on 28 July at 09.30 AM and during the day, four rounds of bidding took place, till now, 8 rounds of bidding are over. 
"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 ministry said.
The auction resumed today with Auction Activity Requirement set at 80 per cent. Bidding will re-commence tomorrow, the statement added.
The first batch auction for 135 FM Channels in 69 existing cities of Phase III began on July 27, 2015. At the close of first day of bidding yesterday, 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 had participated in the auction.
Sourcehttp://cablequest.org/index.php/news/national-news/item/7577-fm-phase-iii-auction-day-2-479-crore-bid-for-79-channels.html

Source: http://cablequest.org/index.php/news/national-news/item/7577-fm-phase-iii-auction-day-2-479-crore-bid-for-79-channels.html

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