You are here: Home » PTI Stories » National » News
Business Standard

839 FM channels in 294 cities to be available in auction

Press Trust of India  |  New Delhi 

"The reserve price for new channels in existing FM Phase II cities shall be the highest bid price received for that city in Phase II.

In cities which are being taken up afresh, the reserve price shall be the highest bid price received during FM Phase II for that category of cities in that region," I&B minister Manish Tewari said here.

He was responding to a question in the Rajya Sabha.

He also said that the government had also cleared the proposal of the I&B ministry for conducting ascending e-auction as followed by the Department of Telecommunications for the auction of 3 G spectrum for award of license to FM channels.

He said that 839 FM channels in 294 cities will be available in auctions.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, December 17 2012. 18:55 IST