August 10th, 2015 3:43 PM 2 COMMENTS

FM Radio Auction: 45 channels receive no bids, 15% cap could be reason for the lesser bids

Two weeks after the beginning of the third phase of FM radio auctions, out of 135 channels put up for auction, 45 channels received no bidding at all. However, the cumulative bids have reached as high as Rs. 1000 crore compared to the reserved price of Rs. 407 crore. According to a senior official in the industry, it is the cap that restricts broadcasters from bidding more than 15 percent... Read More

August 4th, 2015 11:52 AM 5 COMMENTS

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

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. 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... Read More

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