November 06, 2024 05:03 (IST)
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I&B Ministry invites applications for e-auction of 266 FM radio channels in 92 cities
New Delhi, Jun 20 (IBNS): Ministry of Information and Broadcasting, Government of India on Monday issued the Notice Inviting Applications (NIA) for e-auction of 266 FM Radio channels in 92 cities in the second batch of Private FM Phase III.
The second batch consists of 227 channels in 69 new cities besides 39 channels in 23 existing cities. Out of 69 new cities taken up for auction in the second batch, 20 cities with 80 channels are having population of 3-10 lakh , 38 cities with 114 channels are having population of 1-3 lakh whereas 11 cities in border areas of Jammu & Kashmir and North Eastern states with population upto one lakh having 33 channels have also been included.
The Notice comprises the eligibility criteria, application procedures, reserve prices of channels, frequencies available for selection, auction rules, etc. and is aimed at inviting applications from the interested companies for participation in the forthcoming auction.
Applications are required to be submitted latest by 5.00 PM on Aug 1. Based on the Applications, the Government shall pre-qualify Applicants who meet the eligibility criteria for participation in the auction.
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