FM auction refuses to lose steam

E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced on 04^thAugust 2015 at 09.30 A.M. and during the day, four rounds of bidding took place. Till now, 28 rounds of bidding are over.

At the close of the seventh day of bidding, 83 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of around Rs 827 Crore against their aggregate reserve price of about Rs 395 Crore. Thus the summation of provisional winning prices exceeded the total reserve price of the first batch by about Rs 277.05 Crore or 50.35 %.  Rs 550.18 Crore is the total reserve price of the first batch.

The Auction for the first batch comprising 135 FM Channels in 69 existing cities of Phase II began on 27^th July 2015.

The Auction Activity Requirement of 80% set at the beginning of the auction continued to remain the same on the seventh day. Bidding will re-commence on 5^th August, 2015 at 09.30 AM.

 The following Table summarizes first seven days of bidding: