16 September 2014
The Ministry of Business Innovation and Employment (MBIE) has announced further details for the sale of AM and FM licences.
The licences will be sold via an online auction - managed by Turners. The auction will run on both the Turners website and Trade Me. It will start on 27 November 2014 and run for seven days until 3 December 2014.
The auction is for commercial licences, including some licences previously allocated on a temporary basis. Existing holders of temporary licences will be able to continue to broadcast until the auction process has been completed.
The tenure of the licences is until 2 April 2031, subject to licensees meeting implementation requirements.
A list of licences to be auctioned and their reserve prices is included in the auction catalogue, along with the full terms and conditions. The auction catalogue is available on the Radio Spectrum Management website.