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Phase III auction: Cumulative provisional winning price exceeds total reserve price by 98%

At the close of Day 16 of bidding, 92 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1,090 crore

BestMediaInfo Bureau | Delhi | August 18, 2015

radio-station-fm

E-auction of the first batch of private FM radio Phase III channels re-commenced yesterday, and during the day four rounds of bidding took place. Till now, 64 rounds of bidding are over.

At the close of the 16th day of bidding, 92 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1,090 crore, against their aggregate reserve price of about Rs 451 crore. Thus, the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 92 channels by Rs 638.71 crore or 141.5 per cent. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch, that is, Rs 550.18 crore, by Rs 539.76 crore or 98.1 per cent.

The auction for the first batch comprising 135 FM channels in 69 existing cities of Phase II began on July 27, 2015.

The Auction Activity Requirement is set at 100 per cent. Bidding re-commences today at 9.30 am.

Summary of first 16 days of bidding:

Sl No Date of Bidding Status at the end of Round No No of Provisionally Won Channels No of Cities Cumulative Reserve Price of Provisionally Won Channels (In Crore Rs) Cumulative Provisional Winning Price (In Crore Rs)

1

27.07.2015

4

78

54

357

395

2

28.07.2015

8

79

55

377

479

3

29.07.2015

12

80

55

377

549

4

30.07.2015

16

80

55

391

643

5

31.07.2015

20

80

55

391

714

6

03.08.2015

24

82

56

395

779

7

04.08.2015

28

83

56

395

827

8

05.08.2015

32

83

56

395

869

9

06.08.2015

36

85

56

407

900

10

07.08.2015

40

86

56

425

946

11

10.08.2015

44

87

56

425

969

12

11.08.2015

48

86

56

425

987

13

12.08.2015

52

87

56

425

1005

14

13.08.2015

56

88

56

426

1022

15

14.08.2015

60

91

56

449

1079

16

17.08.2015

64

92

56

451

1090

List of cities and clock round price at end of Day 16 of the e-auction:

Daily_Auction_Public_Report_at_the_End_of_Day-16

Info@bestmediainfo.com

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