Advanced Television

Greek TV licence auctions commence

May 6, 2016

By Chris Forrester

Greek minister of state Nikos Pappas says that the country expects to see the first bids arrive next week for the nation’s new TV licences.

Greece’s extremely contentious bill on broadcasting regulations was approved in February. 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 at least €3 million in opening bids.

May 4th saw one legal argument started, from Teletypos SA, owner of Mega Channel, filed a preliminary Court appeal regarding the procedure. In a statement released May 4th, company president Stavros Psycharis noted that the starting price of €3 million was exorbitant and that company was unable to pay it.

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