Day 12: Phase III FM bids slow down with moderate increase in winning price

NEW DELHI: The twelfth day of the e-auction for the first batch of FM Phase III cities continued to slow down even though the cumulative provisional winning price rose marginally to touch Rs 987 crore against the aggregate reserve price of about Rs 425 crore at the end of 48 rounds.


A total of 86 channels in 56 cities – dropping by one channel compared to yesterday - became provisionally winning channels with cumulative provisional winning price. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the 86 channels by Rs 562.19 crore or 132.3 per cent.


Overall, cumulative provisional winning price exceeded the total reserve price of the first batch of 135 FM channels in 69 existing cities - Rs 550.18 crore - by Rs 436.89 crore or 79.4 per cent.


The Auction Activity Requirement remained for the second day at 90 per cent, raised after the 37th round on 7 August. 


The thirteen cities for which bids have still not come are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.


The demand over the price in most cities fell by up to three per cent and four per cent below the excess demand at the price in 48th round in Hyderabad.


The Percentage Price Increment (in INR) applicable for the Next Clock Round rose to five per cent in Aurangabad and Kolhapur but was just one per cent in Amritsar, Chandigarh, Chennai, Cochin, Delhi, Hisar, Jaipur, Mumbai, Nasik and Pune.


The highest Provisional winning price – the same as the Clock round price at the start of the twenty-eighth round – was in Delhi – Rs 156.22 crore (for just one channel), followed by Mumbai – Rs 97 crore, both showing marginal increase compared to yesterday.


Among cities recording more than Rs 10 crore, it rose sizeably in Chennai at Rs 46.03 crore and Pune at Rs 38.05 crore and marginally in Jaipur at Rs 26.70 crore, Chandigarh at Rs 17.94 crore, Cochin at Rs 11.86 crore and Nasik at Rs 10.30 crore.


Thus Mumbai remains the only city, which may soon cross the Rs 100 crore figure.


Bengaluru at Rs 106.04 crore; Ahmedabad at Rs 42.68 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore and Lucknow at Rs 14 crore remained static.

Latest Reads
FM P-III auction: EMD, bidders initial eligibility declared

NEW DELHI: Even as the day of the e-auction of the second batch of FM Phase III on 25 October 2016 approaches, the Government has released the earnest money deposit (EMD) by the pre-qualified bidders and the initial eligibility points (IEP) of each of these.

Regulators I&B Ministry
FM P-III second batch auction from 25 Oct; 14 in fray

NEW DELHI: The e-auction of the second batch of FM Phase III will commence on 25 October 2016 from 09.30am.

Regulators I&B Ministry
Free data, net neutrality: Discussion on TRAI paper to be held

Given the complicated issues around net neutrality, an open house discussion is to be held in Hyderabad this month on Telecom Regulatory Authority of India’s consultation paper on free data. The OHD will be held at Hotel Trident in the Telangana capital on 24 October 2016.

Regulators TRAI
Prasar Bharati advisor reviews DD marketing and policies

Former Ministry of Information and Broadcasting (MIB) Secretary and now Prasar Bharati advisor Sunil Arora yesterday asked Doordarshan to adopt the best policies of the industry, even as he approved the planned auction of slots on DD National.

Regulators I&B Ministry
Suresh Panda may be Prasar Bharati interim CEO; liberal DD auction criteria recommended

Suresh Panda, member (personnel) in Prasar Bharati is expected to take over as the acting chief executive officer of the pubcaster after the incumbent CEO Jawhar Sircar demits office on 4 November.

Regulators People
Govt. accepts Jawhar Sircar's request for early retirement

A media-savvy chief executive of Prasar Bharati Jawhar Sircar used the social media to announce yesterday that the Indian government has accepted his resignation from the pubcaster and acceded to his request for an early retirement.

Regulators I&B Ministry
Carriage fee in interconnect draft aimed at reducing litigation

NEW DELHI: The draft of the Interconnect regulations issued by the Telecom Regulatory Authority of India has given a formula for calculation of the carriage fee. The carriage fee for each month or part thereof during the term of the interconnection agreement shall be calculated as given below:-

Regulators TRAI
TRAI issues comprehensive interconnect draft guidelines

Indian broadcast regulator came out today with its third set of draft guidelines within five days --- this time on interconnection issues. With an aim to bring about more uniformity and transparency in the broadcast carriage sector, TRAI attempts to tackle spiralling carriage cost, rampant...

Regulators TRAI
TRAI attempts greater transparency via auditor empanelment

While it remains to be seen if the provisions of the Interconnect draft will have a salutary effect on the cases pending before the Telecom Disputes Settlement and Appellate Tribunal but the Telecom Regulatory Authority of India appears to have learnt some lessons, at least as far as subscription...

Regulators TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories