Press Information Bureau

Government of India

Ministry of Information & Broadcasting

04-August-2015 18:05 IST

E-Auction of the First Batch of Private FM Radio Phase III Channels re-commenced today on 04^th August 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 ₹ 827 Crore against their aggregate reserve price of about ₹ 395 Crore. Thus the summation of provisional winning prices exceeded the total reserve price of the first batch by about ₹ 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. Daily auction report for day 7 has been put on MIB website, www.mib.nic.in. Bidding will re-commence on 5^th August, 2015 at 09.30 AM.

The following Table summarizes first seven days of bidding: 

Sl.No	Date of Bidding	Status at the end of Round No	No of Provisionally Won Channels	No of Cities	Cumulative Reserve Price of Provisionally Won Channels (In Crore Rs)	Cumulative Provisional Winning Price (In Crore Rs)
1	27.07.2015	4	78	54	357	395
2	28.07.2015	8	79	55	377	479
3	29.07.2015	12	80	55	377	549
4	30.07.2015	16	80	55	391	643
5	31.07.2015	20	80	55	391	714
6	03.08.2015	24	82	56	395	779
7	04.08.2015	28	83	56	395	827

E-auction provisional winning prices exceed reserve totals, with activity requirement maintained and bidding continuing. E-auction of the first Phase III FM radio batch completed 28 rounds over seven days, yielding 83 provisionally won channels in 56 cities with cumulative provisional winning prices materially exceeding aggregate reserve prices; the Auction Activity Requirement of 80% remained operative and daily auction reports were published, with bidding to re commence at the specified time and the first batch comprising 135 channels in 69 cities.