Tindle Radio owned Midlands 103 in Ireland has been recommended to continue operating by Irish radio regulator the BAI.
The Contract Awards Committee of the Broadcasting Authority of Ireland has said, subject to contract negotiations, Midlands 103 should be allowed to stay on-air after studying the application.
They will make another announcement in due course once negotiations have been completed with the station which serves Counties Laois, Offaly and Westmeath.
The Committee received one application in response to its call for applications published in the national press for the radio service earlier this year to operate the local broad-format sound broadcasting service for the area.
Earlier this year, Tindle Radio sold five of its UK radio stations to Anglia Radio.
Another group, Midlands Broadcasting Company, expressed an interest in the Contract but didn’t make an application.