Day 3 of FM Phase III auction yields cumulative provisional winning price of Rs 549 cr

At the close of the third day of biddings, 80 channels in 55 cities became provisionally winning channels. So far, 12 rounds of bidding have been completed

BestMediaInfo Bureau | Delhi | July 30, 2015

E-auction of the first batch of private FM radio Phase III re-commenced yesterday at 9.30 am. During the day, four rounds of bidding took place. Till now, 12 rounds of bidding have been completed. The first batch auction for 135 FM channels in 69 existing cities of Phase II began on July 27, 2015.

At the close of the third day of biddings, 80 channels in 55 cities became provisionally winning channels with cumulative provisional winning price of around Rs 549 crore, against their aggregate reserve price of about Rs 377 crore.

The auction resumed yesterday with Auction Activity Requirement set at 80 per cent. Bidding will re-commence today at 9.30 am.

List of cities and clock round price at end of Day 3 of the e-auction:

Click on the image to enlarge.

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