Loop Telecom will launch its GSM mobile services in the Tamil Nadu and Orissa circles by next week according to the senior executive of Loop Telecom they will be rolling out in three other circles in South India within 10-15 days of its launch in the first two circles Tamil Nadu & Orissa.
As per company sources,they are not doing a large-scale commercial launch at this point to meet regulatory requirements,to comply with the norms laid down by the government,company will launch with 10 per cent coverage inTamil Nadu and Orissa.
Loop Telecom, a subsidiary of Loop Mobile (formerly BPL Mobile) is one of the eight new players given a mobile service licence last year the company got the licence to start GSM operations in 21 telecom circles in the country. It has been allocated spectrum in 20 circles.The licence says operators are required to cover at least 10 per cent of each district headquarters in a circle in the first year.
Loop recently contracted with Chinese network equipment vendor ZTE with next week’s launch, the company will become the first new GSM operator to launch its services, in an already crowded market.Besides the presence of incumbents like Airtel, Vodafone, BSNL, Aircel and Idea the recent entry of CDMA major Reliance has brought a new wave of declining rates in the sector.