FM radio frequencies may be sold via e-auction: Sources
Published on Thu, Jul 29, 2010 at 18:01 | Source : CNBC-TV18
Updated at Thu, Jul 29, 2010 at 18:12
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FM radio frequencies may be sold via e-auction: Sources
Decks have been cleared for 26% foreign direct investment (FDI) in FM radio, reports CNBC-TV18, quoting sources. The 26% FDI is to be part of the FM Broadcasting Policy.
Decks have been cleared for 26% foreign direct investment (FDI) in FM radio, reports CNBC-TV18, quoting sources. The 26% FDI is to be part of the FM Broadcasting Policy.
The Committee of Secretaries (CoS), headed by the Cabinet Secretary, has decided to hike FDI in FM radio on July 2. The CoS decision comes two days after the Telecom Regulatory Authority of India (TRAI) suggested 26% FDI. The current foreign investment limit in FM radio stands at 20%.
CNBC-TV18 learns that the policy proposal may go to the Cabinet soon. FM radio frequencies may be sold via an e-auction. The CoS has recommended an e-auction for FM radio.
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