BUSINESS

Greek TV license bids to start at 3 million euros

TAGS: Economy, Media

Minister of State Nikos Pappas and Alternate Finance Minister Giorgos Houliarakis on Tuesday signed a joint ministerial decision setting the starting price for television license bids.

According to the decision, broadcasters competing for one of the four licenses for operating a private television station the government has put to tender will have to submit offers of 3 million euros or above when the competition in launched in the next few months.

The minimum threshold was determined by the findings of a study into prevailing market conditions conducted by the Deloitte financial advisory firm and commissioned by the General Secretariat for Media and Communication, which is responsible for running the tender.

Tuesday’s decision is the last of three required under Law 4339/15 to launch the process, the terms of which are expected to be put to public consultation within the next few days.

Online