Day 31: All top winning cities show bids lower than clock round price in FM Phase III

NEW DELHI: There was virtually no activity on the 31st day in the FM Phase III e-auctions with the cumulatve winning price at the end of the 124th round rising by just Rs 10 lakh to Rs 1156.9 crore.


The smaller 31 cities that have so far got bids of Rs 1 - Rs 9 crore will call the shots as there appear to be no bidders for the larger cities.


The overall cumulative provisional winning price has risen over the total reserve price of the first batch of 135 FM channels in 69 existing cities - Rs 550.18 crore – by Rs 606.72 crore or 110.27 per cent.  


However, apart from the fact that 13 cities have not got a single bidder despite a month having passed, it is interesting that all the cities whose prices have remained static for a long period have in fact got bids lower than the clock round price (given in brackets in each case): Delhi – Rs 169.16 crore (Rs 170.86 crore) for one channel; Mumbai – Rs 122.81 crore (Rs 124.04 crore) for two channels; and Bengaluru - Rs 109.25 crore (Rs 110.34 crore). 


The same also stands true for other cities having got bids of more than Rs 10 crore namely: Chennai at Rs 53.38 crore (Rs 53.92 crore), Ahmedabad at Rs 42.68 crore (Rs 43.11 crore), Pune at Rs 42.03 crore (Rs 42.45 crore), Jaipur at Rs 28.34 crore (Rs 28.63 crore), Chandigarh at Rs 19.04 crore (Rs 19.23 crore), Hyderabad at Rs 18 crore (Rs 18.18 crore), Patna at Rs 17.89 crore (Rs 18.07 crore), Varanasi at Rs 17.49 crore (Rs 17.66 crore), Cochin at Rs 15.04 crore (Rs 15.80 crore), Nasik at Rs 14.66 crore (Rs 14.80 crore), Lucknow at Rs 14 crore (Rs 14.14 crore) and Jodhpur at Rs 11.44 crore (Rs 11.55 crore). 


The number of channels remained the same - 97 channels in 56 cities, and the bids showed a minor rise in the cumulative reserve price by Rs 697.05 crore or 151.58 per cent against the aggregate reserve price of about Rs 459.8 crore. The Percentage Price Increment applicable for the Next Clock Round remained nil in all cities. 


Cities expected to enter the Rs 10 crore club in the next few days appear to be Jodhpur, Kanpur, Rajkot, Amritsar, Madurai, and Aurangabad which have all got above Rs 6 crore each.


The 13 cities eluding bidders are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.


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 124th round in Hyderabad.


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.

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

Even as he favoured the idea of self-regulation in the media, Information and Broadcasting Minister M Venkaiah Naidu stressed today that "regulation should not become strangulation."

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