Final preparations for the television license tender

29 August 2016
136 Views

The General Secretariat for Media and Communication is making final preparations for the television license tender, with the auction process starting tomorrow. A draw will be carried out on Monday for the rooms that will be allocated to each of the candidates. Afterwards the Police will seal the rooms until the auction begins on Tuesday.

Access to the building where the auction will be held will be strictly limited those participating in the bidding process. The bidders will not be allowed to take any electronic devices with them, nor be allowed to communicate with each other.

Starting bids for each of the four licenses are at 3 million euros, which will be increased by 500,000 euros each time. Bidders can either accept the new price, which is determined by a five-member committee comprised of academics and senior public administration officers, or withdraw from claiming the license up for grabs.

When there are two bidders left claiming a license, they will submit an offer in sealed envelop. Should the offers match, they will be called to submit new offers. All offers are binding and aim at maximizing the profits of the State.

You may be interested

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece
GREECE
shares43 views
GREECE
shares43 views

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece

makis - Nov 17, 2017

Turkish Deputy Prime Minister Bekir Bozdag accused Greece of imprisoning Muslim Imams, despite the country being a member of the…

Greek PM says country would rely on itself to face flood disaster
POLITICS
shares49 views
POLITICS
shares49 views

Greek PM says country would rely on itself to face flood disaster

makis - Nov 17, 2017

Greek PM Alexis Tsipras thanked European countries for offering to help after the flash floods in western Attica, Wednesday, which…

US meteorologist explains deadly storm that flooded Greek towns
GREECE
shares72 views
GREECE
shares72 views

US meteorologist explains deadly storm that flooded Greek towns

makis - Nov 17, 2017

“When the Atlantic hurricane season begins to quiet down in late October and November, it’s time to cast an eye…

Leave a Comment

Your email address will not be published.