Friday, 31 July 2015

FM Phase III auction Day 4: Rs 643 crore bid for 80 channels

E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced on 30th July 2015 at 09.30 A.M. and during the day, four rounds of bidding took place.
At the close of the fourth day of bidding, 80 channels in 55 cities became provisionally winning channels with cumulative provisional winning price of around Rs 643 Crore against their aggregate reserve price of about Rs 391 Crore. Thus the summation of provisional winning prices surpassed Rs 550.18 Crore, which is the total reserve price of 135 channels.
Till now, 16 rounds of bidding are over. The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th July 2015.
The Auction Activity Requirement of 80% set at the beginning of the auction continued to remain the same on the fourth day. Daily auction report for day 4 of e-Auction has been put on MIB website, Bidding will re-commence tomorrow on 31st July, 2015 at 09.30 AM.
The following Table summarizes first four days of bidding:

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