Anil Ambani bets big on FM radio

Sep 06, 2010 |
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ANIL AMBANI-led Reliance Broadcast Network Ltd (RBNL) plans to tap the private FM radio segment, which is expected take a leap when the third phase of licensing for stations kicks off. “The radio industry is poised for exponential growth with phase III and the opening up of around 700-odd new licences. We are already the largest player in the country with a 45 station penetration and would like to take radio deeper into the country,” the RBNL chief executive officer, Mr Tarun Katial said. On investment for the radio segment, Mr Katial said that the company would use part of the `400 crore raised recently.

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