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Last Updated: Wednesday, 4 January 2006, 16:50 GMT
BBC wins Indian FM radio licence
BBC Worldwide, the commercial arm of the corporation, has won a bid for licences in the Indian FM radio sector.

The bids are part of a joint venture agreement with Indian media company Mid Day Multimedia Limited.

It follows a move by the Indian government to liberalise the FM radio market in India and release 338 new radio licences across 91 cities.

The BBC has won seven licences in cities across India, including Delhi, Calcutta, Pune and Ahmedabad.

The other cites with licences that will be operated by BBC Worldwide include Bangalore, Mumbai (Bombay) and Madras.

BBC Worldwide will invest about 4m into the joint venture.

Mid Day also operates three daily, two weekly and several community newspapers in three languages in India. It owns the popular Mumbai radio station Go 92.5 FM.

BBC Worldwide Director of Emerging Territories EMEIA, Monisha Shah, said: "Given the significant size and audience reach of these licences, our radio venture has now created the substantial national presence we were aiming for.

"We are refining our strategy for the next round."




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