Latest Comments

    i support ericsson as rcom can dupe anyone , they had... Sunday, 14 October 2018
  • Bud Biswas More
    Our company, Polaris Networks, has helped other smaller... Friday, 12 October 2018
  • Developing Telecoms More
    That is correct - it is the coastline of Equatorial Guinea,... Friday, 12 October 2018
  • Xavier Muñoz More
    This photo is not from São Tomé e Príncipe Thursday, 04 October 2018
  • More
    My name is Adewale. I am a Healthcare Manager in... Friday, 21 September 2018

Indian authorities derail Bharti-Loop deal

India’s Department of Telecommunications has stymied Bharti Airtel’s proposed acquisition of Loop, a deal which would have led to the creation of Mumbai’s largest mobile network.

Loop only operates in Mumbai and has around 3 million subscribers, while Bharti provides nationwide services and has around 4 million customers in Mumbai. The DoT has claimed that the combined 7 million subscriber network would equate to a revenue loss for the government.

The roadblock has serious implications for Loop and its subscribers, as the operator’s licence expires in less than 2 months. The firms first announced the planned acquisition in February this year and solidified the agreement in June.

India’s current number portability rules state that transferring phone numbers between operators is a voluntary process for which the user is charged INR19, with 1% of this going to the government. The DoT claims that the takeover would involve Loop’s subscribers being involuntarily ported over to Bharti, with the government losing out on the fee.


Comments powered by CComment