FM Phase lll e-auctions Day 2: Metros gain; no bidders for smaller cities
Eight rounds of bidding for Phase lll are over. The second day report put forth by Ministry of Information and Broadcasting on its website shows some interesting but perhaps predictable trends. While bids for most small towns remained more or less same as they were the day before, metro bids saw big jumps, Mumbai led the way in absolute numbers, Delhi too saw high percentage jump:
Cities |
Channels available for bidding |
Provisional Winning Price (In INR) at end of Round 8 |
Provisional Winning Price (In INR) at end of Round 8 |
Excess demand – day1 |
Excess Demand – day 2 |
Mumbai |
2 |
41,91,27,594.00 |
55,43,79,061.00 |
4 |
3 |
Delhi |
1 |
37,41,17,940.00 |
48,10,99,208.00 |
4 |
4 |
Bangalore |
1 |
25,00,47,000.00 |
30,39,33,689.00 |
2 |
3 |
Chennai |
1 |
14,20,40,587.00 |
17,26,51,219.00 |
2 |
3 |
Among the major cities that saw no qualifying bids include Chandigarh (base price: 15,76,61,595.00), Cochin (10,32,03,505.00) and Varanasi (2,14,22,100.00).
There are a few small cities which have not seen any bidding interest so far. The ones that caught attention among these are Asansol, Gulbarga, Mangalore, Mysore (surprise!), Puducherry, Siligury, Surat, Tirupati and Vijayawada.