FM Phase III e-auctions off to slow start; Govt claims Rs 395 crore as winning price

NEW DELHI: The e-auction for FM Radio channels in Phase III got off to a slow start with no bids in certain cities and the provisional winning price lower than the clock round price.


In all, four rounds of e-auction were held today with 135 FM channels in all the 69 cities of the first stage being opened.


At the close of first day of bidding, 78 channels in 54 cities became provisionally winning channels with cumulative provisional winning price of around Rs 395 crore against their aggregate reserve price of about Rs 357 crore. 


The e-auction began today (27 July) with Auction Activity Requirement set at 80 per cent. A total of 26 bidders were allowed to participate in the auction.


However, there were no bids for 15 cities and 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 or higher in the metros of Delhi, Mumbai, and Chennai and in cities like Bhubaneswar, Bengaluru, Aurangabad, Ahmedabad, Guwahati, Jodhpur, Karnal, Patna and Pune.


The highest provisional winning price – the same as the clock round price at the end of the fourth round – was in Mumbai – Rs 41.91 crore, Delhi - Rs 37.41 crore, Bengaluru - Rs 25 crore, Hyderabad - Rs 18 crore, Pune – Rs 16.21 crore, Chandigarh - Rs 15.61 crore; Chennai - Rs 14.2 crore; Lucknow - Rs 14 crore and Ahmedabad Rs 13.89 crore.


The ongoing auction is a Simultaneous Multiple Round Ascending (SMRA) e-auction, which is being conducted online from Auction Control Room No. 404 B Wing, Shastri Bhawan.

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