Will anyone Bid for FM channel for Belagavi at 7.02 crore

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Ministry of information and broadcasting issued a notice inviting applications for e-auction of 266 private FM radio channels in 92 cities in the second batch of FM Phase III. This includes Belagavi which according to the notification is a Category “C” city with a reserve price of Rs.7.02 crore with 4 channels on auction.

IndiaFMRadioStationsThe frequencies identified are 92.1, 92.9, 93.7, 94.5, 104.2, 105. So if anyone of the Big private FM companies bid for the channel then you can tune into any of the above frequencies.
It will take anywhere between 6 months to 18 months for operationalization.

Currently, private FM radio channels are available in 89 cities

The high reserve prices set for the new cities in the auction are a source of worry too. Radio broadcasting companies fear that at current rates, operations in these cities will be unviable.

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