Day 6: FM Phase III price crosses Rs 779 crore for 82 channels in 56 cities

NEW DELHI: A total of 82 channels in 56 Indian cities became provisionally winning channels with cumulative provisional winning price of approximately Rs 779 crore against their aggregate reserve price of Rs 395 crore at the end of the sixth day of bidding for FM Phase III.


Even as 24 rounds of the e-auction ended with four more rounds today (3 August), the provisional winning prices exceeded the total reserve price of the first batch by about Rs 228.68 crore or 41.56 per cent. The total reserve price of the first batch of 135 FM Channels in 69 existing cities of Phase III was Rs 550.18 crore.


The Auction Activity Requirement of 80 per cent set at the beginning of the auction continued to remain the same on the sixth day. 


The sixth day was hectic but there were still no bids in as many as 13 cities though the provisional winning price steadied at the Clock round Price in the other cases.


The demand over the price in many cities fell by up to three per cent below the aggregate demand. 


The Percentage Price Increment (in INR) applicable for the Next Clock Round was five per cent in Mumbai, Bengaluru, Ahmedabad, Amritsar, Guwahati, Rourkela, Jaipur, Kolhapur, Nagpur, Nasik, Patna, and Rajkot and eight per cent in Bhubaneswar.


The highest Provisional winning price – the same as the Clock round price at the start of the 24th round – was in Delhi – Rs 118.35 crore, followed by Mumbai – Rs 86.08 crore with both showing sizeable increase compared to the first three days. 


Among cities recording more than Rs 10 crore, it rose sizeably in Bengaluru - Rs 66.34 crore, Ahmedabad - Rs 36.87 crore; Pune - Rs 32.45 crore, and Chennai - Rs 33.54 crore, Jaipur – Rs 11.52 crore and marginally in Chandigarh at Rs 15.92 crore.


Hyderabad at Rs 18 crore, Lucknow at Rs 14 crore and Cochin at Rs 10.21 crore remained static.


Latest Reads
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
TRAI on carriage fee, other issues in draft interconnect guidelines

After taking in to consideration the comments of the stakeholders and internal analysis in TRAI, the draft regulations [the Telecommunication (Broadcasting and Cable Services) Interconnection (Addressable Systems) Regulations, 2016] along with its explanatory memorandum have been prepared.

Regulators TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories