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Eight candidates for TV licences in Greece

Mr Kiriakou of ANT1 TV Arrives at the building of the General Secretariat of Information and Communications Greece, Athens, 30 August 2016 . The auction will begin at 9am and it is estimated that about a twelve hours will be required for each licence. The starting price has been set at EUR 3 mln and will increase by EUR 500,000 at the beginning of the auctioning. Then the committee will increase the price down to the final two candidates, who will deliver their offers in sealed envelopes and the license will be awarded to the highest bidder. The competition may last for days, during which candidates should stay awake and manage millions of euros to reclaim a television license. (Photo by Dimitris Lampropoulos/NurPhoto)

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