August 22, 2015 8:53 AM

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94 channels spread over 56 cities provisionally won bidding on 20th day of e-auction of third phase of FM Radio

On the 20th day of e-auction of third phase of FM Radio, 94 channels spread over 56 cities, provisionally won the bidding. The auction fetched cumulative price of around 1,130 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 80 rounds of bidding are over. The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th of last month.

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