Loop

The company said will use the fresh funds to drive sales growth, product development, and for strategic hiring.

SCI vessel-share pact to help utilization: Shreyas Shipping

Shreyas Shipping has signed a vessel-sharing deal with Shipping Corporation of India, in which the two companies will jointly use vessels in their respective loops.

DoT seeks time to file reply on Loop Telecom's plea

Department of Telecommunication (DoT) today sought six weeks from a special court to file its response on a plea by Loop Telecom Ltd, facing trial in a case relating to the probe into the 2G spectrum allocation scam, for referring the matter to the Lok Adalat.

Consumers are service provider's main asset: BPL Mobile

In an interview with CNBC-TV18's Shereen Bhan Rajeev Chandrashekar, Founder, BPL Mobile Member, Rajya Sabha gave his reaction on Bharti-Loop deal.

Bharti Airtel in pact to buy Loop

Bharti Airtel has got into a pact to acquire Loop mobile. Sources tells to CNBC-TV18 that this deal is valued at Rs 700 crore out of which Rs 400 crore will be used by Loop to repay the debt and rest of the money will go the promoters.

Loop deal to aid Bharti Airtel's data revenue: Ambit

Speaking to CNBC-TV18, Ankur Rudra, vice president, Ambit Capital, says even the recently concluded telecom auction saw a more attention on data services than voice services.

Loop's Rs 400cr debt won‘t burden Airtel: IIFL

Bharti Airtel on Tuesday acquired Loop Mobile. The deal will make Bharti the top operator with 7 million subscribers followed by Vodafone with 6.8 million subscribers.

Sensex up over 100 pts, Bank Nifty gains 1%; Bharti weak

The Indian rupee opened marginally lower by 11 paise at 61.95 per dollar versus 61.84 Monday.

Airtel may announce Loop Mobile acquisition in next 2 days

Bharti Airtel, which bought 900 MHz band spectrum in Mumbai in the just-concluded auction, is likely to announce in the couple of days acquisition of Loop Mobile - a deal that will make the telecom major the top operator in the city with over seven million customers.

Spectrum auction: Day 5 bids take off from Rs 52,689 cr

At the end of fourth day, telecom companies had jointly made bids worth about Rs 52,689 crore.

Bharti, Idea, RComm fall on applying for spectrum auction

The other five applicants include Vodafone, Aircel, Tata Teleservices, RJIL and Telewings (Uninor). In the last round of auction held in March 2013, none of the GSM operators had bid for radiowaves, citing high reserve or base price.

PAC seeks details from Telecom Min on charges against Trai

The NGO Telecom Watchdog, a co-petitioner in 2G spectrum case before the CAG, has on September 11 written to CAG and also marked the same to some Members of Parliament. The NGO has alleged that the govt is misusing immunity given to TRAI to pass on benefits worth Rs 1 lakh crore to incumbent players.

DoT tells Vodafone, Loop their licences cannot be extended

Department of Telecommunications is learnt to have told Vodafone and Loop Telecom that their licences cannot be extended and they will need to bid for airwaves to continue their services.

SC seeks DoT's response on plea against show cause to Loop

The Supreme Court today sought response from the Centre on a plea questioning issuance of show cause notice to Loop Telecom Ltd for discontinuing its operation in 21 circles and threatening to impose Rs1100 crore penalty for allegedly violating 2G spectrum licence norms.

TDSAT declines relief to Loop on bank guarantee renewal

Telecom tribunal TDSAT has rejected Loop Telecom's application seeking relief against the government's direction of renewal of performance and financial bank guarantees on spectrum in 21 circles.

Telecom subscriber base declines in Oct, loses 2.5m users

The country's telecom subscriber base fell by over 2.5 million to 935.18 million users in October compared to 937.70 million a month ago.

Bail for Loop-Essar accused, hearing on 27-28 Jul: 2G case

Vikas Saraf has been named as the main accused in Loop-Essar case. The court framed charges of Section 420 against Saraf, and those relating to Section 120 were framed against the rest, reports CNBC-TV18's Malvika Jain.

Comviva ties up with MasterCard to offer financial services

Comviva, a global leader in providing mobile solutions, today said it has entered into a partnership with MasterCard to launch what it called first-of-its-kind open loop Mobile Money Partnership Program.

Don't see much impact on customer, auction preferred: Trai

Telecom regulator Trai today said there will not be much impact on customers due to cancellation of 122 2G licenses of eight companies, as around 95% of total subscribers belong to operators which got licences before January 2008.

SC shocks corporate India; innocent telcos suffer: Lawyers

Experts tells CNBC-TV18 that the Supreme Court's verdict to cancel 2G licenses issued post January 2008 will shock coporate India and will have an adverse impact on innocent telcos as well.

2G verdict: SC cancels 122 licenses issued after Jan 2008

The verdict on the multi-crore scam is out. The Supreme Court has cancelled all the 122 licenses issued on or post January 2008.

2G licenses cancelled; RCom, Idea, DB Realty, Unitech slip

The Supreme Court (SC) has cancelled 122 licenses issued after January 2008. TRAI will make fresh recommendations on grant of licenses. Also, all spectrum issues post Jan 2008 to be cancelled. The government will take decision on licenses 1 month post TRAI recommendation, reports CNBC-TV18.

2G scam: Essar-Loop may move Supreme Court

Essar and Loop Telecom, summoned for hearing in connection to the 2G case may move the Supreme Court, reports CNBC-TV18.

HC asks Essar, CBI to seek SC's clarification on spl court

Essar, Loop and the CBI were today asked by the Delhi High Court to seek a decision from the Supreme Court whether the charges against them in a case arising out of 2G scam probe could be heard by a magistrate or the Special Court going into the scam.

TDSAT sets aside penalities on new operators; DoT to refund

In a major development, the telecom tribunal TDSAT today set aside all penalties imposed by the government on new telecom operators for delay in meeting roll out obligations of services.