Loop Mobile today announced a strategic agreement for their operations in Mumbai service area with Airtel. The proposed association will undergo seamless integration once definitive agreements are signed, and is subject to regulatory and statutory approvals. The agreement will ensure continuity of quality services with wider network coverage with strong retail presence.
The proposed transaction will bring together Loop Mobile’s 2G/EDGE enabled network supported by 2,500 plus cell sites, and Airtel’s 2G and 3G network supported by over 4000 cell sites across Mumbai. It will also offer subscribers the widest exclusive retail reach with 220 outlets that will enable best-in-class customer service.
This transaction will help Airtel to emerge stronger in Mumbai with over 7 million subscribers. Loop, which enjoys highest ARPU in the circle & 30% postpaid customer base has only 44.36% active subscribers, which is second lowest in the market.. As a reader what you think from this move do let us know via comments.