D. B. Corp Limited has informed the Exchange regarding Updates - D. B. Corp Limited Radio business 'MY FM' awarded 14 new radio stations in the auction of third batch of Private FM Radio Phase III Channels.
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D.B.Corp Limited's radio brand MY FM has won 14 new radio stations in the government's third batch auction of Private FM Radio Phase III channels, conducted by the Ministry of Information and Broadcasting. The newly allocated stations are in greenfield cities where FM radio is being introduced for the first time. The license or permission for each station will be valid for 15 years from the date of operationalisation. The company has stated that further details have been uploaded on its corporate website.
This expansion significantly grows MY FM's footprint into new markets, potentially boosting future advertising revenue. However, operational rollout and revenue contribution will take time as stations need to be set up and licensed.