FM Phase III auctions: 78 channels emerge as provisionally winning channels on Day 1

Four rounds of bidding took place at the e-auction of the first batch of FM Phase III channels yesterday, with 78 channels garnering cumulative provisional winning price of around Rs 395 crore

BestMediaInfo Bureau | Delhi | July 28, 2015

E-auction of the first batch of private FM radio Phase III commenced yesterday at 9.30 am and during the day, four rounds of bidding took place. A total of 135 FM channels in 69 existing cities of Phase II have been put on auction in the first batch. At the close of first day of bidding, 78 channels in 54 cities became Provisionally Winning Channels with cumulative provisional winning price of around Rs 395 crore against their aggregate reserve price of about Rs 357 crore.

The auction began with the Auction Activity Requirement set at 80 per cent. Total 26 bidders were allowed to participate in the auction. The ongoing auction is a Simultaneous Multiple Round Ascending (SMRA) e-auction, which is being conducted online from Auction Control Room No. 404 B Wing, Shastri Bhawan in New Delhi.

Bidding will re-commence today at 9.30 am.

List of cities and clock round price at end of Day 1 of the e-auction:

Click on the image to enlarge.

Info@BestMediaInfo.com

Info@BestMediaInfo.com