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Published 16:28 30 Mar 2016 BST
Pic via Twitter/TXFMDublin
TXFM, the successor to Phantom 105.2, has been on the air for two years and six full-time employees are set to lose their jobs as a result of it going off the air.
The BAI revealed that two expressions of interest had been made for the license as of December 1 2015.
The BAI Contract Awards Committee will consider the matter at a meeting in April and provide further updates in due course.
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