On the 16th day of e-auction of third phase of FM Radio, 92 channels spread over 56 cities, provisionally won the bidding yesterday. The auction fetched cumulative price of around 1,090 crore rupees against the aggregate reserve price of about 451 crore rupees. So far, 64 rounds of bidding are over. The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th of this month.
News On AIR | August 18, 2015 7:11 AM
3rd phase e-auction of FM Radio fetches around Rs 1,090 cr on day 16