On the fourth day of e-auction of third phase of FM Radio, 80 channels spread over 55 cities, provisionally won the bidding. The auction fetched cumulative price of around 643 crore rupees against the aggregate reserve price of about 391 crore. <br/><br/>Yesterday, 80 Channels spread over 55 cities had won the bidding. So far 16 rounds of bidding are over. It will re-start today at 9.30 in the morning. The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th of this month.
News On AIR | July 31, 2015 8:14 AM
3rd phase e-auction of FM Radio fetches around Rs 643 cr on day 4