Recently it was predicted by our Telecom Analyst Gagan Choudhary in the linked article that Loop Mobile of Mumbai will soon go in other hands and that other hand hopefully gonna be of Airtel. The prediction turned true when Bharti Airtel officially announced today that they made a strategic agreement with Loop Mobile for their operations in Mumbai telecom circle.
Loop mobile merged with Airtel
We notify our readers that Loop Mobile was only providing its services in Mumbai Telecom circle of India. It was having a customer base of 30 Lac plus in this one and only circle. Airtel was having some 4 Million customers in the same circle so know they both together will make a customer base of 7 Million and turn out as a unbeatable network in Mumbai.
Loop Mobile need to do no worry as they will be automatically shifted to the network of Airtel soon. Customers can now enjoy all services of Airtel including a familiar network roaming in all the states of India.
The acquisition of Loop was expected as Loop didn’t participated in the recent Telecom auction. All their spectrum license were expiring in coming September. All the network band will be ceased then. But now due to this agreement customers need not to worry. They will enjoy more then ever.
“India’s 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,” said Bharti Airtel in its Press release.
According to the sources deal was signed by loop for sum of 700 Cr. And now all the 2500+ antenna towers (cell sites) of 2G/EDGE network of Loop will be merged with 4000+ 2G and 3G cell sites of Airtel. In total of more than 6500+ cell sites in Mumbai itself it will be a great network with super strong network signal.
Airtel is running its telecom operations in many countries of Asia and Africa and at present it is the 4th Telecom provider in world with customer base of approx 239 Million. They recently won around 115 MHz band blocks of both 1800 MHz and 900 MHz band spectrum in the auction.
No more announcement was made by Bharti Airtel related to future plans of Airtel mobile services.
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