September 1, 2015 7:16 AM

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E-Auction of FM radio bidding completes 104 rounds

On the 26th day of e-auction of third phase of FM Radio, 94 channels spread over 56 cities, provisionally won the bidding yesterday. The auction fetched cumulative price of around 1,151 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 104 rounds of bidding are over. It will re-start today at 9.30 in the morning.<br/><br/>The first batch auction for 135 FM Channels in 69 existing cities of Phase II began on 27th of July this year.

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