The MIB has released the city-wise non-refundable one time migration fee (NOTMF) for migration from FM Phase II to Phase III for existing private FM operators.
Mumbai has the highest migration fee with Rs 36.69 crore, followed by Delhi with Rs 33.33 crore. Chennai has a migration fee of Rs 12.27 crore while Bangalore has a fee of Rs 21.60 crore. Hyderabad has a migration fee of Rs 18 crore.
The migration fee is calculated according to a formula derived by the TRAI and is based on the results of the recently concluded Phase III auctions in existing cities.