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FM radio Phase III applicants to undergo training on 22 April

MUMBAI: After receiving 28 applications for the first batch of the FM radio Phase III auctions, the government is presently evaluating their qualifications for the auctions. In the interim, taking the process ahead, the e-auctioneer C-1 India Pvt Ltd will conduct training for all the applicants.

The training will take place on 22 April at 2:30 pm at the DAVP Conference Room at the C.G.O Complex, New Delhi.

C-1 India will conduct the e-auctions for the FM radio expansion in its third phase and monitor the bids made by existing radio operators looking to expand their services or new operators aiming to launch in a particular city.

As per a notice issued by the Ministry of Information & Broadcasting, representatives of all the applicant companies have been requested to attend. It also mentioned that there should be a maximum of two representatives only per company.

The MIB also stated that the applications submitted by the applicants are still being reviewed and the attendees of the training module shall not consider themselves pre-qualified merely on the basis of the training notice.

As reported earlier by TelevisionPost.com, the government had received applications from 28 companies for the first batch of e-auction of 135 private FM radio channels in 69 cities as part of Phase III expansion.

There are 13 applicants from non-radio players. Some of them come from backgrounds as diverse as shipping and real estate, while others are regional-language television broadcasters. The 28 applicants have cumulatively submitted earnest money deposit (EMD) of about Rs 316.91 crore (Rs 3.17 billion).

The combined net worth of the 13 new applicants stands Rs 125.48 crore (Rs 1.25 billion), which is less than one-fourth the networth of the largest private FM broadcaster Entertainment Network India Ltd (ENIL), which operates Radio Mirchi.