E-auction for FM radios exceed the reserve prices on a large margin, proves handsome to exchequer

By August 4th, 2015 AT 11:52 AM

The e-auction for Private FM radios for Phase III expansion is becoming more intense with bidding amounts exceeding the reserve prices, according to sources from Ministry.

fm-india

Out of the 135 channels in the first phase, a Delhi-based single FM channel has reached Rs. 105. 23 crore at the end of Round 20 of bidding, more than three times its reserve price of Rs 31.42 crore. At the close of 5th day of bidding, 80 channels in 55 cities had become provisionally winning channels with cumulative provisional winning price of around Rs. 714 crore, compared to its aggregate reserve price of about Rs 391 Crore. The combined reserve price of 135 channels is Rs 550.18 crore.

Also read: Govt to auction 831 radio channels for FM radio service

“The process is such that several details including the identities of the parties which are bidding cannot be known till the process is complete. However, from the trends it is clear that the radio auctions would earn sizeable revenue and also demonstrate what the market value of these channels is,” an official said.

However, channels in South India and North East show a slower pace, which the Ministry expects to gain similar growth in the following days.

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Shreyassanjit roytri_vissai charan kv Recent comment authors
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Shreyas
Shreyas

Now after AVOID the so called Radios stations are going to boil our blood with more than 1000s of advertisements within the specific program timeslots what a pity!!!

sanjit roy
sanjit roy

@shreyas- Agar fm operators adds nehi dega toh operating cost kya tum dogo? Apna ek fm channel khol ke dikhayo bina adds ke gana bajano, tab phir pata lagega kitna hai dam tum mien…

Shreyas
Shreyas

Hey Dada they should instead ask “Ravi shankar prasad” to foot their operating cost bill!!!

tri_vis
tri_vis

IS there any link for getting city list for which this auction taking place???

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