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Airtel cancels its plan to acquire Loop Mobile for Rs. 700 cr

India’s biggest mobile operator, Bharti Airtel has canceled its plan to purchase business and assets of Mumbai based small operator Loop Mobile for about Rs 700 crore. It has been reported that the merger deal between Airtel and Loop has been hampered by Department of Telecommunication (DoT). The company owned by Dubai based IP Khaitan and family, which operates only in Mumbai has three million users and Airtel has around… Read More

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