NEW DELHI: The Information and Broadcasting Ministry (I&B Ministry) today placed on its website the formats of the agreements to be signed with Prasar Bharati by fresh Letters of Intent (LOI) holders in FM Phase III and those who had sought migration from Phase II.

The agreements also contain a list of obligations of the licensor and the licensee of FM Radio Phase III.

There are clear provisions for arbitration, jurisdiction etc. The arbitrator will be nominated by the Chief Executive Officer of Prasar Bharati.

The fresh applicants have licences for fifteen years.

Under the agreement, they will be at liberty to ask Prasar Bharati to use its tower and other infrastructure facilities under mutually agreed terms and conditions.

The tower aperture fee will be increased by five per cent of the last licence fee paid.