28 companies apply for auction of 135 FM channels in 69 cities
As the nation gears up for the Phase 3 of auction of FM channels, 28 companies have applied to bid for a total of 135 channels in 69 existing cities of phase 2 including Mumbai, Delhi and Kolkata. The 28 applicants have cumulatively submitted Earnest Money Deposit (EMD) of about Rs 316.91 crore, the Information and Broadcasting ministry said today. As per the norms, there is a national cap and a... Read More