Red FM welcomes Delhi HC decision

27 Jul,2015

By A Correspondent

 

Red FM welcomed the outcome of the court case on permission to participate in the auction of First Batch of Private FM Radio Phase 3 channels starting today (July 27).

 

Nisha Narayanan

Welcoming the judgment of the Delhi High Court, COO Nisha Narayanan said: “We are one of country’s largest network of FM stations and hopefully post the final outcome of these auctions we shall retain our leadership status.”

 

From the beginning we had kept a sizeable money to be spent on these auctions (through which government stands to earn with go-ahead on our participation). Our inclusion means a healthy competition and will benefit the entire FM radio industry and media and entertainment industry at large, she said in a communique.

 

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