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Bharti Airtel calls off Rs 700 cr deal to buy Loop Mobile

"Loop Mobile and Bharti applied to DoT for approval of the business transfer in March 2014. The approval for the transaction is still awaited from the relevant authorities as a result of which Bharti Airtel has withdrawn from the proposed transaction causing huge loss to the company," Loop Mobile spokesperson said.

first published: Nov 5, 2014 02:33 pm

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