MIB releases NIA for FM Phase III, auctions start in April

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Thakur

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MUMBAI: The Ministry of Information & Broadcasting (MIB) has finally come out with its notice inviting applications (NIA) for the commencement of the first batch of the FM radio Phase III auctions.

The NIA has invited prospective bidders to submit applications for participating in the auctions of 135 frequencies in 69 cities in the first batch.

Based on the applications, the government will pre-qualify applicants who meet the eligibility criteria for participation in the auction.

The objectives the government has set for the auction include obtaining a market-determined price of FM radio channels through a transparent, fair, and impartial process, stimulating competition in the sector, and promoting rollout of FM broadcast services.

As per the NIA, 29 April 2015 has been set as the tentative date for the start of the auctions.

A pre-bid conference will be held on 10 March at 2:30 pm and the last date for seeking clarifications on the NIA will be 12 noon, 11 March.

The ministry will explain the NIA on 16 March and radio operators will need to submit the applications by 5 pm, 23 March.

The publication of ownership details of applicants has been slated for 7 April, while the deadline for bidder ownership compliance certificate is listed as 5 pm, 10 April.

This will be followed by the pre-qualification of bidders on 17 April or completion of requisite formalities, whichever is later, followed by the mock auctions that will be conducted around 21–22 April.

The start of the auction process is listed as one week after the mock auctions, which indicates that the auctions would commence on 29 April.

The auctions will be followed by the payment process of the bid amount. 25 per cent of the bid amount has to be paid within five calendar days from the close of the auctions and the remaining amount has to be paid within 15 days.

The government will notify the successful bidders after this. The auction process will be conducted as per details mentioned in the information memorandum released by the MIB earlier.

Auction of additional channels that may become available due to reduced channel spacing to 400 KHz could be considered after feasibility studies are completed.

The bids made in the auction shall be valid up to 31 December 2015.

Read more at: 

MIB releases NIA for FM Phase III, auctions start in April | TelevisionPost.com
 
RE: MIB releases NIA for FM Phase III, auctions start in April | TelevisionPost.com

@Davinder Bro update your thread title properly :k
 
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