Regional players might have found the going tough with most seemingly muscled out by the more financially strong nationwide operators. However, there is still intense bidding going on between the tier 2 players for frequencies in the North-east and other non-metros
In his Independence Day speech, the Prime Minister said, "A lot of big people were worried. They told me, 'FM radio was for common people, there is no earning so why do you want to hold auctions? I was put under a lot of pressure but I said that Team India, which comprises of 125 crore people, wants transparency..."
Aurangabad has 3 bids for its 2 frequencies with a provisional winning price of Rs 5.87 crore at the end of Day 12. Kolhapur has 3 bids for its 2 frequencies with the highest bid price at approximately Rs 8 crore. Delhi had one bid with the provisional winning price at Rs 156 crore
With 40 rounds of bidding over a course of 10 days, Delhi crossed Rs 144 crore, much higher than any other city. The closest is Bangalore, which stands at Rs 104 crore. In fact, a number of other cities which were expected to do well have seen relatively poor demand
Mumbai was supposed to be one of the most sought after frequencies, but after a week of bidding the market for the city is not really holding up to expectations. As of yesterday, it had two bids for its two frequencies, with the highest bid of around Rs 86 crore