On the 31st day of e-auction of third phase of FM Radio, 97 channels spread over 56 cities, provisionally won the bidding yesterday. The auction fetched cumulative price of around 1,157 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 124 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 July this year.
News On AIR | September 8, 2015 5:49 PM
FM e-auction, Day 31: 97 channels become provisional winners