Day 28: Varanasi only city to show rise in FM Phase III auction, cumulative price up marginally

NEW DELHI: The bidding for FM Phase III appears to have slowed down yet again with the cumulative winning price at the end of the 112th round on the 28th day rising marginally to Rs 1156.2 crore in the e-auction for the first batch.


The focus remains on smaller cities as Ahmednagar, Bareilly and Hissar are marching forward.


Varanasi continued to march higher to Rs 17.49 crore, but Jodhpur at Rs 11.44 crore and Kohlapur with Rs 9.44 crore were stable. Others in the aisles to enter the Rs 10 crore club appear to be Kanpur, Rajkot, Amritsar, Madurai, and Aurangabad, which have all got above Rs 6 crore each.


The number of channels - 96 channels in 56 cities – remained the same but the total bids surpassed the cumulative reserve price by Rs 696.7 crore or 151.6 per cent against the aggregate reserve price of about Rs 459.5 crore.


The cumulative provisional winning price has thus risen over the total reserve price of the first batch of 135 FM channels in 69 existing cities - Rs 550.18 crore – by Rs 606 crore or 110.1 per cent.


As was reported earlier by, 13 cities namely Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal continue to elude bidders.


The demand in most cities fell by up to three per cent and by four per cent below the excess demand at the price in the 112th round in Hyderabad.


The Percentage Price Increment applicable for the Next Clock Round rose to one each in Ahmednagar, Bareilly, Hissar, and Varanasi. There was no change in the other cities.


The winning price has risen by more than 100 per cent above their respective reserve prices in Ahmedabad, Amritsar, Aurangabad, Bengaluru, Bhubaneshwar, Chennai, Delhi, Guwahati, Jaipur, Jodhpur, Kolhapur, Mumbai, Nasik, Patna, Pune, Rourkela and Varanasi, all of which got provisional winning bidders at prices more than double the respective reserve prices.


The provisional winning price in the top three cities reflected no change: Delhi - Rs 169.16 crore (for just one channel); Mumbai – Rs 122.81 crore (for two channels); and Bengaluru - Rs 109.25 crore. In addition, Chennai at Rs 53.38 crore, Ahmedabad at Rs 42.68 crore, Pune at Rs 42.03 crore, Jaipur at Rs 28.34 crore, Chandigarh at Rs 19.04 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore, Cochin at Rs 15.04 crore, Nasik at Rs 14.66 crore and Lucknow at Rs 14 crore have remained static for some days now.


When queried as to why cities where the price has been static for many days are not being frozen, a senior I&B Ministry official said that the process was mechanical without human interference and therefore the computer would decide when it is time to stop. In any case, he added that someone could always come up with a higher bid even later.

Latest Reads
MIB favours self-regulation, TRAI says some regulation mandatory

NEW DELHI: Even as he favoured the idea of self-regulation in the media, Minister for Information and Broadcasting (MIB) M Venkaiah Naidu stressed that “regulation should not become strangulation” and added the government wants to be a facilitator for creating a good business environment for the...

Regulators I&B Ministry
FM Phase III e-auction tomorrow

NEW DELHI: The e-auctions for the second batch of Radio FM Phase III has been put off by a day to 26 October 2016.

Regulators I&B Ministry
TRAI tariff order, interconnect regulations; date for responses extended

NEW DELHI: Stakeholders wanting to give in their reactions to the latest draft Tariff order for Digital Addressable Systems, the Quality of Service and Consumer Protection Regulations, and the draft interconnect regulations have been given time till 15 November 2016 to respond.

Regulators TRAI
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

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories