[HCDX] FM radio bidding: Indian Govt expects over Rs 20.7 cr

[sakthi vel <ardicdxclub@xxxxxxxxxxx>]

The Government has said that it expects to garner over
Rs 20.7 crore as entry fee from private players (in
the second phase) bidding for FM radio in the Eastern
Zone. 

The bidding for the second phase of private FM radio
in 17 cities in the Eastern Zone took place here on
Friday, said a statement. In all, 59 bids were
received for 66 frequencies and 48 bids qualified
(prima facie).

Revenues of over Rs 20.70 crore by way of one time
entry fee are expected from the bidding. With this,
165 frequencies have been allotted against 206
available frequencies. In Friday's bidding, Patna
received the highest bid amount at Rs 5.13 crore. The
process for the remaining 132 frequencies in 40 cities
in the Western and Southern regions will continue on
January 27 and February 3.

http://sify.com/finance/fullstory.php?id=14125325
+++++++++++++++++++++++
Jaisakthivel,
Ardic DX Club,
www.dxersguide.blogspot.com

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