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Phase III auctions may face delay as MIB juggles dates

25-March-2015
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Phase III auctions may face delay as MIB juggles dates

The Ministry of Information & Broadcasting (MIB) has rescheduled the last date for submission of applications for Phase III by 4 days. The new, tentative, deadline for submission of entries is now March 27, 2015. This means that the e-auctions, which were earlier expected to start on April 24, 2015 at the earliest will now be delayed by another 4-5 days. A source said that it could now begin on April 29, 2015.

Also, all other deadlines, for example, submitting of ownership details, compliance certificate, etc. have been pushed back by an equal amount. Another radio executive meanwhile said that not a lot of delay is expected as only some deadlines have been extended.

http://www.exchange4media.com/59272_first-set-of-phase-iii-auctions-expected-by-april-24-2015.html

It has been learnt that the heads of radio stations are in Delhi for a meeting with the Ministry to discuss the migration of operators whose licenses expire on March 31, 2015.

Meanwhile, the MIB has also published its replies to pre-bid queries asked by operators post the Notice Inviting Applications (NIA).
 

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Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.