TRAI issues recommendations for Phase-III auction of FM Radio channels

Posted By: Religare
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The Telecom Regulatory Authority of India (TRAI) on Wednesday issued its recommendations on "Reserve Prices for auction of FM Radio channels in new cities".

"In all 831 FM Radio channels in these cities are proposed to be auctioned through an ascending e-auction process as provided in Phase-III policy. The list of cities with corresponding category and the number of channels being put up for auction were provided by MIB," according to a statement released by Ministry of Communications & Information Technology.

The reserve price for FM radio channels for each of the 253 new cities has been fixed at 80 per cent of the valuation for each city, the ministry said.

Earlier on February 6, TRAI had issued a consultation paper on "Reserve Price for auction of FM Radio channels in new cities". After considering all comments received from stakeholders during consultation process and further analysis of the issues, the Authority has finalised its recommendations.

The valuation of FM radio channels in 253 new cities has been worked out as a simple mean of the three valuation approaches, population of the city, per capita gross state domestic product (GSDP) and listenership of FM Radio.

Story first published: Wednesday, March 25, 2015, 23:00 [IST]
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