Tuesday, December 18, 2012

India: 839 FM channels to be available for auction in 294 cities:I&B Ministry

The reserve price for radio channels in FM Phase III expansion will be decided on the basis of amount bid in Phase II auction and there would be 839 FM channels in 294 cities made available for auctions, said the Information and Broadcasting Ministry.

"The reserve price for new channels in existing FM Phase II cities shall be the highest bid price received for that city in Phase II. In cities which are being taken up afresh, the reserve price shall be the highest bid price received during FM Phase II for that category of cities in that region," I&B minister Manish Tewari said.

He was responding to a question in the Rajya Sabha. He also said that the government had also cleared the proposal of the I&B ministry for conducting ascending e-auction as followed by the Department of Telecommunications for the auction of 3G spectrum for award of license to FM channels.

(Source : Media Mughals)

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