The Telecom Regulatory Authority of India has issued its recommendation on reserve price for auction of FM Radio channels in 264 new cities for expansion of FM Radio. The Information and Broadcasting Ministry has already invited applications for the first batch of auction for frequencies in existing cities.
TRAI said that it has made recommendations on the valuation in these new cities on the basis of population of these cities, per capita gross state domestic product, listenership of FM Radio and per capita gross revenue earned by the existing FM radio channels.
It has recommended that the reserve price for FM Radio channels in a new city to be set at 0.8 times the valuation of FM radio channels in that city. It also recommended that the reserve prices in 11 border cities in the 'Others' category in Phase-III should be Rs. 5 lakh per channel.
For example,the reserve price for a city like Abohar has been set at Rs. 1.35 crore , while for Aurangabad it has been set at Rs. 35 lakh.
Out of the 264 new cities, 253 cities have a population of more than 1 lakh and there are 798 FM Radio channels in these 253 cities that will be put up for auction. The remaining 11 cities have a population of less than one lakh and about 33 FM Radio channels in these 11 cities wil be put up for auction.
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