Top Story

e4m_logo.png

Home >> International >> Article

Radio Today scouting partner for FM ventures

01-December-2001
Font Size   16
Share
Radio Today scouting partner for FM ventures

Radio Today is looking for an equity investor to part fund its FM radio ventures in Delhi, Mumbai and Kolkata. The company has appointed ANZ Investment Bank as advisor to look after the deal.

According to industry sources, the company has drawn up plans for raising around Rs 30 crore from outside investors. The equity investment is expected to generate Rs 20 crore, around Rs 10 crore is expected to come through a term loan.

The company is expected to sign an agreement with All India Radio to start transmission from its towers in Kolkata and Delhi on Monday. Radio Today plans to start services in these cities by April 2002. Mumbai’s service is expected to start by February 2002.

The metro FM radio licenses had run into snags due to the inability of all the licensees to form a consortium tower. AIR is offering its towers for transmission in the interim period.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...