Sunday, 25 June 2017

Bharti Airtel calls off Loop Mobile deal

By Mary Lennighan, Total Telecom
Wednesday 05 November 14

Indian telco unable to proceed with takeover due to lack of regulatory clearance.

Bharti Airtel this week cancelled plans to acquire Loop Mobile on the grounds that the proposed deal did not get regulatory approval. "Under the agreements executed with Loop Mobile, the transaction was conditional upon DoT [Department of Telecommunications] approvals which even as of today has not been received…

Bharti Airtel this week cancelled plans to acquire Loop Mobile on the grounds that the proposed deal did not get regulatory approval. "Under the agreements executed with Loop Mobile, the transaction was conditional upon DoT [Department of Telecommunications] approvals which even as of today has not been received…

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