<h1>TRAI Sets Reserve Prices for Auction of 831 FM Radio Channels in 264 Cities Under Phase-III Guidelines.</h1> The Telecom Regulatory Authority of India (TRAI) has issued recommendations on reserve prices for the auction of FM radio channels in 264 new cities under the Phase-III policy guidelines. A total of 831 FM radio channels will be auctioned through an ascending e-auction process. In 253 cities with populations exceeding 1 lakh, 798 channels will be auctioned, while 33 channels will be auctioned in 11 smaller cities in Jammu Kashmir and the North East. The reserve prices are set at 80% of the calculated valuation for each city, with a fixed price of Rs. 5 lakh for channels in smaller cities.