IN a windfall of sorts, the government has received bids worth Rs 1,156.9 crore for 97 channels in 56 cities in the e-auction of the first batch of private FM Radio Phase 3 channel. The aggregate reserve price for these channels is Rs 459.8 crore. The e-auction ended today after 125 rounds of bidding.
The e-auction for 135 channels in 69 cities had commenced on July 27. Cities like Guwahati, Bhubaneshwar and Jodhpur witnessed robust bidding activity with the provisionally winning bid being as high as 800 percent over reserve price for their channels. Overall, 18 cities got provisionally winning bids for their channels at prices more than double the respective reserve prices, the Information & Broadcasting ministry stated.
“Value-wise, cities of Delhi, Mumbai and Bengaluru got provisional winning prices of over Rs 100 Crore for their channels. Delhi with Rs 169.16 Cr for its single channel got the highest provisional wining price of the entire batch. Mumbai for its two channels got Rs 122.81 Crore each whereas Bengaluru for its only channel got Rs 109.25 Crore as provisional winning price,” the ministry said.
E-auction of the first batch consists of two stages- channel allocation stage and frequency allocation stage. After the channel allocation stage, the frequency allocation stage will commence on September 9. During this stage, the provisional winning bidders will be allowed to select FM Frequency for the winning channel from the frequencies already identified.