Airtel to acquire Loop Mobile in Mumbai?

[SVK]

Loop Mobile (formerly BPL Mobile), GSM Mobile operator would perhaps sell out to Airtel. Current owners on Loop wants to exit from Mobile business. Airtel would get access to Spectrum held by Loop Mobile if deal is approved.Loop had also held discussion for sell out of theri business with Aircel, Telnor and Idea.http://articles.economictimes.indiatimes.com/2013-09-02/news/41663255_1_loop-mobile-bharti-airtel-mhz

 

[ashish]

loop will be big boost in the mumbai circle for any operator who buys it. but there are some big regulatory hurdles to be crossed

 

[Sushubh]

I think Sunil Mittal released a statement denying any plans to acquire Loop Mobile last week!

 

[x720]

I just hope they leave Loop alone. Also, since airtel already holds a license to operate in Mumbai, is the acquisition even possible?

 

[Sushubh]

It's likely to happen!
Bharti set to take over Loop in Rs 700-crore deal — timesofindia.indiatimes.com

 

[aviral sangal]

They might have to surrender the spectrum airtel gets from the deal.

 

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[igloo]

Deal get closed by nov, loop got no spectrum after that. No regulatory hurdle in this one

 

[Sushubh]

Airtel and Loop Mobile announce agreement to create Mumbai’s largest mobile network

 

[chaibiskutbhai]

I think Loop will get only the value for its infrastructure and its HNW customers, which is what Airtel is after. Coz, anyway after Nov, all Loopers would have to port to some other operator.

 

[Oblivious]

I think Loop will get only the value for its infrastructure and its HNW customers, which is what Airtel is after. Coz, anyway after Nov, all Loopers would have to port to some other operator.

No no one has to port, it will be done automatically all Loop numbers would be changed to Airtel. I'm only worried about the Phone Balance will it be transferred also have aroung 5K :worried: