The Central Govt. has cleared Phase III auction of FM radio
The government of India propose to auction for phase III of
FM channels was cleared.
The process could add an estimated revenue of over Rs 550
crore to the exchequer.
The Union Cabinet, chaired by Prime Minister Narendra Modi
also approved migration (renewal) of private FM Radio licenses from Phase-II to
Phase-III in 69 existing cities for 135 channels on payment of migration fee
according to TRAI recommendations.
As of now, with the implementation of two phases of private
FM Radio - Phase I (1999-2000) and Phase II (2005-06) - there are 243 private
FM channels in operation in 86 cities of the country, spanning 26 states and
three Union Territories.
Also, it will beget the amount realised through the
migration process which is dependent on the TRAI recommended formula, where
migration fee is linked with the discovery of market prices through the FM
Radio Phase III auction.
The roll out of the first batch of FM Radio Phase III
auction will provide more channels to listeners with richer content in 69