Airtel – Loop Mobile Deal Hampered by DoT, What it means to Loop Customers ?
The Department of Telecom (DoT) could hamper the Airtel-Loop merger after all, as it will soon start sending out notices to Loop Mobile's subscribers to switch to another operator before the company's permit expires in November. Bharti Airtel and Loop Mobile had signed a definitive agreement in June 2014, where Airtel would acquire Loop Mobile's subscribers and assets for a rumoured Rs 700 crore price tag. However, the government fears... Read More