India to appoint FM frequency auctioneer in 3 mths | business | Hindustan Times
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India to appoint FM frequency auctioneer in 3 mths

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.

business Updated: Mar 14, 2012 13:23 IST

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.