airtel loop deal

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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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A separate exit policy to be framed by DoT for telecom sector

The Department of Telecommunication (DoT) is currently working on framing an exit policy for the telecom sector in the country. The new policy will allow the companies to exit the sector without losing out on the value of assets that they have accumulated over a period of time. Currently, there are a slew of regulatory approvals and guidelines which come into play regarding the transfer of assets of a company… Read More

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