MUMBAI India plans to appoint an auctioneer within the next three months for the third phase of FM radio frequency auction, a ministry official said on Wednesday.
"We hope to finish the first round of this auction by end of the year (2012)," Uday Kumar Varma, secretary, Ministry of Information and Broadcasting, told Reuters.
India plans to sell over 850 FM radio frequency licenses in the third phase through an electronic auction.
(Reporting by Nandita Bose; Editing by Subhadip Sircar)
Trending On Reuters
Chinese regulator vows share support after markets tumble 8.5 percent in a day Full Article
Teva to buy Allergan generic drug business for $40.5 billion, drops Mylan bid Full Article