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Bharti Airtel likely to buy Loop Mobile

Bharti Airtel is in talks to buy out Mumbai-based Loop Mobile in a deal that will give the telecom major about 3 million customers.Loop has debt of Rs 400 crore, which is likely to be included in final deal size. While Loop and Airtel declined to comment, sources privy to the negotiations said that Loop was in talks to sell both its mobile and tower business. Loop holds 8 MHz of spectrum in the premium...
Source : Business Today |
Category : Business

Airtel to buy Loop Mobile for Rs 750 cr

Bharti Airtel is in talks to buy out Mumbai-based Loop Mobile in a deal that will give the telecom major about 3 million customers. Loop Mobile, which owns a mobile telephony licence for the Mumbai circle, is in negotiations with Bharti Airtel and other telecom firms to sell its business in a Rs 750 crore deal.Loop Mobile has debt of Rs 400 crore, which is likely to be included in final deal size.While...
Source : Morungexpress |
Category : Business | City : National

Bharti Airtel in pact to buy loop

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

Bharti Airtel likely to buy Loop Mobile: report

Bharti Airtel, India's largest telecom firm, is in talks to buy out Mumbai-based Loop Mobile in a deal that will give the telecom major about 3 million customers, according to sources.Loop, which owns a mobile telephony licence for the Mumbai circle, is in negotiations with Airtel and other telecom firms to sell its business in a Rs 750-crore deal.Loop Mobile has debt of Rs 400 crore, which is likely...
Source : Ndtv |
Category : Others | City : New Delhi

Airtel likely to buy Loop Mobile

harti Airtel is in talks to buy out Mumbai-based Loop Mobile in a deal that will give the telecom major about 3 million customers.Loop, which owns a mobile telephony licence for the Mumbai circle, is in negotiations with Airtel and other telecom firms to sell its business in a Rs 750-crore (Rs 7.5-billion) deal.Loop Mobile has debt of Rs 400 crore (Rs 4 billion), which is likely to be included in final...
Source : Rediff |
Category : Business

How to Get Ringtones on Your Phone

ringtones on your phone? Find out how to get ringtones on your...
Source : Howstuffworks |
Category : Others

Bharti Airtel in talks to buy Loop

India's largest private telecom player Bharti Airtel is in talks to acquire Mumbai-based Loop Mobile, one of oldest telecom service providers in the country, for around...
Source : Times Of India |
Category : Business

UP govt mulls 25% tax on cellphone downloads

planning to levy 25% tax on various forms of entertainment data downloaded on mobile phones.Officials say the department would levy tax on download of music, caller tunes, ringtones, movies, videos or any other form of entertainment, The tax would be charged from telecom operators. If implemented, UP could be among the first states to charge entertainment tax on value added services (VAS) available...
Source : Times Of India |
Category : City | City : Raipur

Bharti Airtel acquires Loop Mobile

Mobile.Under the agreement, Loop Mobile’s 3 million subscribers in Mumbai will join Airtel’s over 4 million subscribers, creating an unmatched mobile network in Mumbai., a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, and Loop Mobile today announced a strategic agreement for their operations in Mumbai (India) service area.The proposed a...
Source : Indiainfoline |
Category : Business

Bharti Airtel to acquire Loop Mobile to create Mumbai's largest network

largest cellular carrier Bharti Airtel will buy mobile operator Loop Mobile in a move that will make Bharti the biggest mobile operator in Mumbai in terms of users.This would be the first merger in the country's telecoms market in nearly six years.Under the agreement, Loop Mobile's 3 million subscribers in Mumbai will join Airtel's over 4 million subscribers in the city. A Reuters report citing sources...
Source : Ndtv |
Category : Others