Airtel to acquire Loop Mobile in Mumbai?

[Sushubh]

Bharti Airtel calls off Rs 700 crore deal to acquire Loop Mobile as DoT waffles | The Financial Express

 

[amish]

DoT should have allowed Vodafone to take over Loop!

Because it was BPL earlier which was bought by Hutch except for Mumbai!

 

[x720]

I don't think it is/was for the merged entity to hold multiple licenses in the same circle. Kind of something like Idea did with the Spice acquisition, iirc.

 

[amish]

Yes, Vodafone (Hutch) was not allowed at that time to take over BPL Mumbai

What I mean is had they allowed it that time, this situation would have not come. BPL was dying in those days. And now this whole mess has arised just because of Mumbai circle being separate.

 

[kanagadeepan]

Actually axis bank is the loser here. Looking at the possible acquisition by Airtel for 700 crores, it paid 300+ crores to loop as loan. Now loop just paid back some 50+ crores only.

 

[popcorn]

Bye bye Loop Mobile from Mumbai. Today no Loop Mobile Signal in Mumbai.

 

---

[x720]

I can't see airtel too in the screenshot! Yay

 

[popcorn]

idea two times

 

[x720]

Right. Idea overwriting airtel. Must've used an idea sim at some point?

 

[kanagadeepan]

Good bye to Mumbai's oldest telecom operator.. Now Airtel and Vodafone will have improved 3G within 2 months in Mumbai, due to Loop's vacated spectrum...