Sixty-six channels fetch Rs 200 cr, 200 go unsold

Altogether 66 radio channels have been provisionally sold for about Rs 200 crore in 48 towns in the second round of the FM Phase-III auctions held by the information & broadcasting (I&B) ministry; but 200 channels found no takers.

A bid of Rs 23.4 crore for an FM station in Hyderabad was the highest one at the auction. The bid was made by Sun Group firm Kal Radio. The slot for FM Radio in Dehra Dun notched the second highest bid of nearly Rs 15.61 crore. It was made by South Asia FM Limited, which is also linked to the Sun