Third Phase of an auction for commercial radio in June
The government of India has issued a request for proposals from companies that want to participate in the country’s e-auction under Phase-III of the licensing process for commercial FM Radio . The auction is now being held after the new government took office in June and will feature 839 FM channels in 294 cities.
Proposals must be submitted by June 20. Foreign companies may participate, in addition to Indian ones; however, they may not do business with or have equity with existing Indian FM broadcasters or bidders.