Fairphone says about the FM radio receiver:
The Fairphone has an integrated FM radio receiver, but because we can’t guarantee the consistency of reception at all times in all places in the EU, we took it off the specs from the second batch Fairphone specifications list. We didn’t want people to buy the Fairphone only for the radio and be disappointed.
In other words, the specs are the same from first to second batch Fairphone, only we are not promoting it in this batch (2014). Of course you can always use streaming services and apps to receive worldwide broadcasts via W-iFi or 3G (but be careful with your data usage in that case).
So yes, there’s an integrated FM radio receiver. Today inside a concrete building, whilst very bad weather outside I can get several stations but not Dutch Radio 1.
Later on the day I will try it outside.