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FM Phase III: Mumbai edges closer to Rs 100 crore mark

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FM Phase III: Mumbai edges closer to Rs 100 crore mark

Mumbai and Delhi continued to see active bids on Day 13 of the first stage of the Phase III auctions, As of now 52 rounds of bidding have been completed. As Mumbai saw 2 active bids which took the bidding amount to over Rs 98 crore, Delhi too crossed the Rs 162 crore mark with one active bid at close of day.

Bangalore saw no active bids at close and now the provisional winning price for the city stands at Rs 106 crore (approx).

Chandigarh’s late run of form continued with 2 bids at  a provisional winning price of Rs 18.30 crore. Chennai saw a bid of Rs 47.89 crore at end of day.

Jaipur saw new bids after some interest on day 12 as was the case with other cities like Kanpur and Kolhapur. Pune saw 2 new bids which takes its provisional winning price to just under Rs 40 crore.

Patna and Lucknow each had 2 bids for its 3 frequencies, while Nagpur saw 1 bid for its 2 frequencies. Cochin had 1 bid of around Rs 12.84 crore. Ahmedabad, too, did not see any new bids and the provisional winning price now stands at around Rs 42.68 crore.


Tags FM Radio Phase III

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