New Delhi : While the Sun TV Network has applied for a stay in Madras HC, The Information and Broadcasting Ministry is moving undeterred in its auction process as the ministry is planning to hold mock FM auctions on 22nd and 23rd.
The mock FM auctions is being conducted to familiarise bidders with the rules and methodology for Phase III FM radio auctions process.
In the first batch of the FM Phase III auctions, the ministry plans to grant permission to run the 135 radio channels in 69 cities.
In a notice on its website, the ministry also said that as per the tentative timeline for e-auction in its NIA ( Notice Inviting Applications) of the first batch of Phase III, the e-auction shall begin from 27th July, 2015.
The ministry had earlier organised for training of the pre-qualified bidders of first batch of Private FM Radio Phase III last week for the 21 companies that have emerged as pre-qualified bidders.
As per the NIA brought out by the I&B Ministry for the auctions, there shall be a Simultaneous Multiple Round Ascending (SMRA) e-auction, conducted over the Internet.