The station has teamed up with leading players in the Irish music and media industry to form a consortium designed to create a new music station for the Irish capital.
The Xfm consortium includes a who's who in Ireland's music and media scene and comprises 'Pop Stars: Tthe Rivals' judge Louis Walsh, The Mean Fiddler Group, Thomas Crosbie Holdings, which owns the Irish Examiner national newspaper and is Ireland's second biggest media group, and local concert promoter John Reynolds.
Xfm Dublin would build on the success of Xfm London, creating an innovative station showcasing the best new music for the vibrant Dublin market.
Graham Bryce, Xfm's managing director, said that Xfm Dublin represents the next step in the development from a London station to a truly national broadcaster across Great Britain and Ireland.
"This application represents another important step in developing Xfm into a national broadcaster and the UK's leading youth music brand," he said.
Applications will be due in spring 2004, with the licence being awarded in the summer.
The move follows Xfm's expansion in Ireland earlier this year by broadcasting on NTL, the biggest cable operator in the country serving around 420,000 homes and reaching more than 1m people.
In addition to its London FM station, Xfm is also broadcast across the UK via DAB Digital radio, Sky Digital and NTL and claims to attract more than 606,000 listeners across the UK.
Last year, Xfm was awarded the Best Radio Station Award by the music industry and won a coveted Sony Gold award for its breakfast show, fronted by Christian O'Connell.
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