NEW DELHI, Mar 25: Telecom Regulatory Authority of India (TRAI) has issued its recommendations on ‘reserve prices for auction of FM radio channels in new cities’. The reserve price for FM radio channels for each of the 253 new cities has been fixed at 80 per cent of the valuation for each city.
The valuation has been worked out as a simple mean of the three valuation approaches, which are based on the population of the city, per capita Gross State Domestic Product (GSDP), and listenership of FM Radio and Per capita Gross Revenue, earned by the existing FM Radio operator.
For 11 cities of ‘Others’ category, having a population of less than one lakh in the border areas of Jammu and Kashmir and the North East (NE) region, the reserve price is kept as Rs 5 lakh
for each channel of each city, as approved by the Cabinet in the Phase-III policy.
The Ministry of Information and Broadcasting sent a reference dated December 16, 2014 to TRAI, seeking recommendations of the Authority on reserve prices for the auction of FM Radio channels in 264 new cities, as per the Phase-III policy guidelines. In all, 831 FM Radio channels in these cities are proposed to be auctioned through an ascending e-auction process, as provided in Phase-III policy.
Out of 264 new cities, 253 have a population of more than one lakh as per census data 2011 and are classified as B, C, and D category cities.
There are 798 FM Radio channels in these 253 cities which are proposed to be put up for auction.
While in the remaining 11 cities, having less than one population, 33 FM Radio channels are proposed to be put up for auction.
(UNI)
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