Greece Raises 246 Million In Grueling TV Tender

Greece raises 246 million in grueling TV tender

ATHENS, (UrduPoint / Pakistan Point News -2nd Sep,2016) - Greece raised 246 million Euros ($274 million) on Friday by auctioning four private tv licenses in a marathon bid dominated by shipowners including the boss of the country's top football club.

"For the first time in the history of the land...

rules are applied in the use of broadcasting frequencies," said government spokeswoman Olga Gerovassili. State minister Nikos Pappas said the nearly three-day auction -- the first in 27 years -- would set a milestone "in attracting funds to maximise each price in favour of the Greek taxpayer." The four 10-year licenses were won by three shipowners and a constructor, the latter considered close to the leftist government of Prime Minister Alexis Tsipras.