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 Rs 643 crore against the aggregate reserve price of about 391 crore. Yesterday, 80 Channels spread over 55 cities had won the bidding . So far sixteen rounds of bidding are over. It will re-start tomorrow at 09.30 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 30, 2015 9:16 PM
FM radio e-auction, day 4th: 80 channels in 55 cities become provisional winners