MIB invites application for auction of Private FM Radio Phase-III channels
The last date for submitting applications is 18th November, 2024
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Published: Oct 15, 2024 5:23 PM | 1 min read
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The Ministry of Information and Broadcasting (MIB) has invited applications for e-auction of third batch of Private FM Radio Phase-III channels.
The auction is for the rollout of 730 private radio channels in 234 uncovered new cities in India.
“Annual license fee of FM channels in these cities shall be charged as 4% of Gross Revenue excluding GST. The reserve price for auction of channels in these cities is as per the TRAI recommended prices of 2022. The last date for submitting applications is 18th November, 2024,” stated a release from the ministry.
1.3 Based on the Applications, the Government shall pre-qualify Applicants who meet the eligibility criteria for participation in the Auction.
1.8 The detailed Auction Rules will be published separately.
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