RadioandMusic
| 23 Feb 2024
FM Phase III: E-auction at virtual standstill even as Muzaffarpur rises to more than Rs 40 million

NEW DELHI: The e-auction in the second batch of FM Phase III appears to have reached a near standstill with the entire exercise become Muzaffarpur-centric, as the bid in that city rose to Rs 4,10,47,850 from Rs 3,37,70,170 on 5 December before the short break on account of the demise of Tamil Nadu Chief Minister J Jayalalitha.

44 cities have still not shown any activity even after the completion of 97 rounds on the 25th day today.

There was movement of just one or two cities in the bottom rung with the aggregate rise in bids in around forty cities remaining unchanged at just one or two points.

Muzaffarpur has been rising from Rs 1,88,04,498 last week and also showed a percentage price increment of five.and aggregate demand of two at closure.

Hyderabad and Dehradun still at top with Rs 23,43,48,266 and Rs 15,61,00,590 respectively.

The fourteen bidding companies will have re-consider their policies to be successful in bagging any more channels. M/s South Asia FM Ltd has been declared as the winning bidder for five Radio FM channels, just a day after the commencement of the auction for the second batch of Phase III. The company will be allotted FM Channels in Surat, Amritsar, Patna, Chandigarh and Jammu.

Other than Hyderabad and Dehradun, the top fifteen cities remained static with bids of more than Rs 32 million. The bids at Alappuzha (Alleppey), Erode, Hubli-Dharwad, Nellore, Salem, Vellore and Vijaywada remained at just over Rs 70 million while bids for Tiruchy was just above Rs 50 million and Tirupathi and Puducherry to a little over Rs 40 million. Amravati, Bhavnagar, Jamnagar and Ujjain bid a little over Rs 35 million and Mysuru a little over Rs 32 million.

The first day of auction on 26 October saw a winning price of Rs 1820 milion against the aggregate price of Rs 1792 million, while the second day onwards the bidding has been low.

Information and Broadcasting Ministry sources told radioandmusic.com that the aim was to continue till all the channels slated in the second batch were auctioned, but breaks will have to be taken for weekends and national holidays.

This data has been compiled on the basis of system generated “Final Round Result Report” and “Frequency Identification Report” accessible through auction administrator role.