Television

FM radio II: Adlabs sweeps stations in East India

NEW DELHI: The government’s financial FM radio juggernaut rolls on with the frequencies put up for sale in eastern part of India fetching it Rs. 207 million in one time licence fee and Adlabs bagging a major of the bids.

In a phased bidding for FM radio licences, the eastern region offered private players 66 frequencies across 17 cities. In all, 59 bids were received of which 48 qualified.

With this, 165 frequencies have been allotted against 206 available frequencies in the metros, north and eastern India. Bidding for the remaining 132 frequencies in 40 south and west Indian cities will be held over the next two Fridays.

After establishing its dominance in the FM radio space in North India, Anil Ambani-controlled Adlabs Films Ltd today made its presence felt in the country's eastern part, Press Trust of India (PTI) reported today.

Adlabs, which had bagged 26 licences so far, including seven in big cities, increased its presence to 41 cities by emerging among the top bidders in 15 new cities today.

Following Adlabs closely was Sun TV group's South Asia FM. The company, which won licences in around nine northern cities in the last round, won licences in 15 cities today.

Times Group's Entertainment Network India Ltd (ENIL), already a major player in the private FM radio sector, bagged one licence in this round, cornering Patna for which it bid Rs 51 million, the highest bid amount in this round.

In today’s bidding, Patna received the highest bid amount of Rs 51 million. In fact, most of the players were bullish on Patna but failed to bag licence as Entertainment Network India Ltd (ENIL)'s Rs 51 million bid jacked up the reserve price, which is one-fourth of the highest bidder. Puran Multimedia (Rs 12 million) and Adlabs (Rs 12 million) both failed to make the cut.

Interestingly, many of the big players were conspicuous by their absence in this round. These include Music Broadcast Pvt Ltd (Radio City), Radio Mid-Day, Radio Today and HT Music and Entertainment, the PTI report said.

The government had put 66 FM stations on the block for today's bidding in West Bengal, Orissa, Bihar, Jharkhand and the entire north-eastern region. The cities included Patna, Asansol, Jamshedpur, Ranchi, Agartala, Itanagar, Kohima, Shillong and Port Blair. But it sold 48 of the 66 stations, the PTI report said.

The bidding phase was started on January 6, 2006 when 13 A and A+ category cities went for the bidding.

Of the total 206 licences, the government has put on block so far, it has managed to sell 164 radio stations and is assured of revenues of about Rs 6,400 million, which it receives as one-time entry fee.

(Rs.44=1 US$)

ALSO READ:

Sun plans pre-IPO preferential allotment

FM radio II: Rs 5 bn+ licence fee in 1st round

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/21/cr7.jpg?itok=-tKIxKC0
NBCUniversal accuses BeoutQ of illegal streaming of FIFA World Cup in MENA

MUMBAI: NBCUniversal, an American multi-national media conglomerate owned by Comcast, has accused a pirated streaming service called BeoutQ in the Middle East and North Africa (MENA) for illegally broadcasting the FIFA 2018 World Cup matches. NBC's Telemundo unit, which holds the Spanish-language...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/21/Sony.jpg?itok=YEJWnfIl
How Sony is bringing the FIFA World Cup 2018

MUMBAI: Sports broadcasting is no ordinary business. Just ask Star India and Sony Network Pictures (SPN) India – who often slug it out against each other for the rights of premium sporting properties. The two high rollers of Indian sports broadcasting play by one simple rule: high risks, high...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/FOX.jpg?itok=Bhdsm2nj
Disney makes $70.3 billion counterbid for Twenty-First Century Fox

21st Century Fox has announced that it has entered into an amended and restated merger agreement with The Walt Disney Company pursuant to which Disney has agreed to acquire for a price of $38 per 21CF share the same businesses. Disney agreed to acquire under the previously announced merger...

Television Production House Post Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/mpa.jpg?itok=vqd31YXu
MPA REPORT: THE MARKET VALUE FOR SPORTS MEDIA RIGHTS TO SOAR 22% IN ASIA PACIFIC EX-CHINA TO REACH US$5.0 BILLION IN 2018

MPA REPORT: THE MARKET VALUE FOR SPORTS MEDIA RIGHTS TO SOAR 22% IN ASIA PACIFIC EX-CHINA TO REACH US$5.0 BILLION IN 2018

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/and.jpg?itok=xIv703YO
&pictures to air the World Television Premiere of the critically acclaimed Mukkabaaz on Saturday, 23rd June at 8pm

In a love story of a sportsman set in Bareilly, Vineet Kuma Singh plays a Kshatriya boxer who falls in love with a deaf-mute Brahmin woman. Co-produced and directed by National Film Award winner Anurag Kashyap, Mukkabaaz was screened at the 2017 Toronto International Film Festival and the 2017...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/disney.jpg?itok=_e6XbSdU
Disney appoints new creative officers for animation division

Jennifer Lee and Pete Docter have been named as new chief creative officers (CCOs) for Disney’s animation division. While Docter will handle the Pixar Animation Studios, Lee will head the Walt Disney Animation Studios.

Television Production House Post Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/shinde.jpg?itok=TZAJ4Ibs
Epic TV appoints Rajiee Shinde as president

Infotainment channel EPIC TV has announced the appointment of Rajiee M Shinde as president. In her new role at EPIC, she has been entrusted with the responsibility of expanding the business and building the EPIC network.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/sell.jpg?itok=91wnij2K
Endemol Shine hires banks for a possible sale

Netherlands-based TV production company, Endemol Shine Group, has hired Deutsche Bank and Liontree to explore a potential sale that could be valued between $2- $4 billion including debt.

Television Production House Post Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/20/flix.jpg?itok=xMcG7N6B
Leap into the world of robots and cyber terrorists as &flix brings the premiere of ‘Ghost in the Shell’

&flix, the all-new destination for the most-awaited Hollywood hits, is all set to bring the Indian television premiere of the 2017 American sci-fi action film ‘Ghost in the Shell’, this Sunday, June 24 at 1 PM & 9 PM. The movie, which is part of the channel’s ‘Flix First Premiere’ property...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories