Saturday, 1 August 2015

FM Phase III auction Day 5: Rs 714 crore bid for 80 channels

E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced on 31st July 2015 at 09.30 A.M. and during the day, four rounds of bidding took place. Till now, 20 rounds of bidding are over.
At the close of the fifth day of bidding, 80 channels in 55 cities became provisionally winning channels with cumulative provisional winning price of around Rs 714 Crore against their aggregate reserve price of about Rs 391 Crore. Thus the summation of provisional winning prices exceeded the total reserve price of the first batch by about Rs 163.48 Crore or 29.71 %.  Rs 550.18 Crore is the total reserve price of the first batch.
One channel in Delhi got Provisional winning price of Rs 105.23 Crore at end of Round 20, which is more than three times its reserve price of Rs 31.42 Crore.
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 of 80% set at the beginning of the auction continued to remain the same on the fifth day. Daily auction report for day 5 has been put on MIB website, www.mib.nic.in. Bidding will re-commence on 3rd August, 2015 (Monday) at 09.30 AM.
The following Table summarizes first four days of bidding:
Sourcehttp://cablequest.org/index.php/news/national-news/item/7598-fm-phase-iii-auction-day-5-rs-714-crore-bid-for-80-channels

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