Pakistan Electronic Media Regulatory Authority (PEMRA) has awarded 67 city specific FM Radio licenses in 9th Phase of FM licensing in a two day open bidding process.
Bidding was held on 7th and 8th November, 2016 at PEMRA Headquarters, Islamabad.
A total of 53 companies participated in bidding for 77 FM Radio licenses during the auction. Bidding for 67 cities was divided in two days, on the first day, bidding was held to award the licenses for 34 cities, details for which are as following:
The highest bid for single FM radio license amounted to Rs. 25.5 Million for Sialkot. PEMRA generated a total of Rs. 217 million during first day of bidding.
Other bids included Rs. 20.5 Million for the FM Radio license of Jaranwala, Rs. 19.1Million for D. G. Khan, Rs. 17.55 Million for Chiniot, Rs. 10.6 Million for Charsada and Rs. 10.1 for Kharian.
PEMRA didn’t make public the results of auction held on second day.
It was also decided that all the cases in which only one application received or applicant company withdrew its application and not participated in the bidding will be submitted to the Authority for policy decision.
Nargis Nasir, Member Authority Punjab, Shaheen Habib Ullah, Member Authority Khyber Pakhtunkhawa, Salman Baig, Director Pakistan Telecommunication Authority, Waqar Ahmed, Deputy Director Frequency Allocation Board and Senior Management of PEMRA were also present during the bidding proceedings.