HT Music, Adlabs win FM radio licence

Anil Ambani-controlled Adlabs and HT Music & Entertainment have bagged licences in the second phase of FM radio expansion, including Delhi and Mumbai.

Anil Ambani-controlled Adlabs and Hindustan Times's HT Music & Entertainment have bagged licences in the second phase of FM radio expansion, including Delhi and Mumbai.

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Company sources said that Adlabs has won the licence in Delhi, Mumbai, Kolkata, Chennai and Bangalore while HT music has bagged licences in Delhi , Kolkata, Mumbai and Bangalore.

The government is selling 338 frequencies across 91 cities in the second phase of FM Radio licensing. Of these, 64 radio stations in 13 cities had gone for financial bidding on Friday.