Loop Mobile

Loop telecom to SC: Refund Rs 2200 cr license fee

The apex court, in the 2G related case, had cancelled 21 licenses of Loop Telecom, which use to operate only in Mumbai.

Voda, Airtel fined most for tariff and MNP rules violations

Country's second largest telecom operator Vodafone has been penalised over Rs 6 lakhs for charging customers on new tariff without informing regulator TRAI in time, as per details presented in a written reply to a Rajya Sabha question.

TRAI sets Nov 29 as deadline for porting out Loop customers

Loop Mobile's permit in Mumbai is expiring on November 29 as it did not purchase spectrum in February auction which was mandatory for continuing its operations.

Bharti Airtel slips 3%, cancels Loop Mobile acquisition

DoT is yet to give clearance to the deal as it estimates that Loop Mobile and its sister concern Loop Telecom owe about Rs 808 crore in spectrum and other charges to the government.

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The approval for the transaction is still awaited from the relevant authorities as a result of which Bharti Airtel has withdrawn from the proposed transaction causing huge loss to the company," Loop Mobile spokesperson said.

Hospitality sector ruled M&A deals in Feb: Grant Thornton

Sector wise, among mergers and acquisitions, Raja Lahiri believes hospitality tops the chart as there were two big deals including Aman Resorts buying Silverlink Holdings and Thomas Cook buying Sterling Holidays in February.

Bharti Airtel to buy Essar Telecom Kenya for USD 100 mn

This is second acquisition of Airtel within a month of it acquiring business and assets of Mumbai base Loop Mobile for about Rs 700 crore.

Telecom M&A guidelines within 10 days, says Telecom Secy

The much-awaited guidelines for mergers and acquisitions of telecom companies are expected to be in place within 10 days.

See pickup in M&A activity post elections: Grant Thornton

Overall the domestic merger and acquisition (M&A) activity in January has been tepid except Bharti Airtel‘s acquisition of Loop Mobile today.

Bharti Airtel buys Loop Mobile, to get 3 mn subscribers

Loop Mobile‘s 3 million subscribers in Mumbai will join Airtel‘s over 4 million subscribers, creating an unmatched mobile network in Mumbai.

Bharti up 2% as Loop mobile acquisition talks firm up

Sources say that Sunil Bharti Mittal-led Airtel has almost completed agreement with Loop Mobile and the announcement will come in a couple of days.

Loop-Bharti Airtel deal in final stages: Sources

Sources at very senior level have confirmed that talks between the two companies are in the final stages but the issue as is the case with all M&A deals is now with regards to the valuations

Is Vodafone looking to buy Loop Mobile?

However, Loop Mobile is currently active only in the 900 Mhz spectrum and their licenses will be expiring in September 2014. The deal largely hinges on the renewal of that particular license.

'Trai imposed Rs 50 lakh fine on 9 telcos for poor service'

The regulator has imposed maximum penalty of Rs 14.5 lakh on state-run telecom company BSNL for failing to meet 13 quality of service parameters. Rs 3 lakh penalty has beeb imposed on Idea Cellular, Rs 2 lakh each Bharti Airtel and Vodafone, Rs 1.5 lakh each on Uninor and Vodafone

DoT to calculate one-time spectrum fee afresh after auction

One spectrum fee is the charge operators have been asked to pay for holding additional spectrum.

Want to buy additional spectrum, invest in India: SSTL

In the letter, SSTL CEO Dmitry Shukov said: "We have already made USD 3.6 billion long-term investment in India and would need additional spectrum to meet the growing demand from subscribers for better quality services.

High spectrum cost may increase call rates by 50%: Telcos

"The value of spectrum should not be too high, which will inevitably result in significant increase in consumer tariffs, unsold spectrum and consequently, no revenues for the exchequer," Bharti Airtel said.

TDSAT to decide on Loop's plea against Airtel on SMS pact

Telecom tribunal TDSAT has admitted a petition of Loop Mobile which alleged that it was coerced by Bharti Airtel to sign an SMS termination agreement to pay 10 paise per message.

TDSAT asks Idea not to disconnect Aircel from network

Telecom tribunal TDSAT has directed Idea Cellular not to disconnect Aircel from its network and said no SMS termination fee will be charged by either of the operators till the case is decided.

Loop Mobile launches traffic alert service in Mumbai

Confirming in an official statement, popular mobile service provider in the country, Loop Mobile launched ...

Loop to PM: Won't ask refund, won't file review petition

CNBC-TV18 learns that Loop Mobile has written to the Prime Minister and other top ministers saying that they will not file a review petition challenging the Supreme Court order on license cancellation.

TRAI reveals MNP's a hit; 29 million requests processed, already

The Telecom Regulatory Association of India (TRAI) made some official data figures public, yesterday, a part of which ...

Loop Mobile presents 1st time free calling and SMS on prepaid

Loop Mobile has announced a unique offering for their Mumbai circle - free intercalling and SMS for prepaid ...

TRAI earns Rs.6 lakhs by fining telecoms for pesky calls, SMSes

Reducing the number of pesky calls and SMSes, if not wiping it out completely became the agenda of the Telecom Regulatory Authority of India (TRAI), ...