Day 2 of FM Phase III auctions see cumulative provisional winning price of Rs 479 cr

Another four rounds of bidding took place yesterday as part of the e-auction of the first batch of private FM radio Phase III channels. Bidding re-commences today at 9.30 am

BestMediaInfo Bureau | Delhi | July 29, 2015

E-auction of the first batch of private FM radio Phase III re-commenced yesterday at 9.30 am. During the day, four rounds of bidding took place. Till now, eight rounds of bidding have been completed. The first batch auction for135 FM channels in 69 existing cities of Phase II began on July 27, 2015.

At the close of second day of bidding, 79 channels in 55 cities became provisionally winning channels with cumulative provisional winning price of around Rs 479 crore against their aggregate reserve price of about Rs 377 crore.

The auction resumed yesterday with Auction Activity Requirement set at 80 per cent. Bidding re-commences today at 9.30 am.

List of cities and clock round price at end of Day 2 of the e-auction:

Click on the image to enlarge.

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