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16 firms sign agreements for operation of FM channels

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16 firms sign agreements for operation of FM channels

Sixteen companies have signed licence agreements after furnishing bank guarantees amounting to Rs 158.75 crore for operation of 37 FM channels. Though letters of intent were issued to 26 companies for operation of 93 channels.

However, nine broadcasting companies, who had been successful in the bidding, had filed five cases in Delhi High Court. "These are being heard simultaneously," information & broadcasting minister Sushma Swaraj said in the Rajya Sabha.

The minister said the issues raised in these for consideration before the court, relate to the extension in time for signing the agreement and refund of fee deposited. The hearing is in progress and the companies who have signed agreements have applied for frequency allocation and operational licence to the wireless advisory committee of the communication ministry.


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