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Our Bureau

New Delhi , Nov. 11

AS many as 101 companies have expressed interest in participating in the second round of FM radio privatisation.

This was indicated by officials in the Information and Broadcasting Ministry as Fridaywas the last date for submission of pre-qualification bids. The Government has invited tenders for over 300 frequencies in 91 cities under the new policy that moved from the licence fee structure to a revenue-sharing arrangement.

Among the companies that had earlier indicated an interest in the business are existing players such as the Times Group and India Today Group, besides Reliance, BPL, the Tatas, Sri Adhikari Brothers and the Bhaskar Group.

During the first phase of FM privatisation, about 108 frequencies in 40 cities were offered to private companies. However, just 36 frequencies were allotted. Out of these, only 21 are currently operational.

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