Vikash Mantri, Media Analyst, ICICI Securities in an interview with CNBC-TV18 said that Union cabinet's move to approve the proposal of conducting e-auctions for the award of FM radio licences is a good move.
However, one has to still wait for details of licensing with respect to network sharing and if multiple frequencies are allotted, he said. "In terms of benefits of third phase of licensing, ENIL which is clearly the market leader would stand to benefit, if it can benefit from scale up of operations here," he added. Also Read: Cabinet approves phase 3 FM radio licenses auction plan Below is the verbatim transcript of his interview with Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: Your early observations on what was set out for phase 3 in the auctions? A: I think itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
