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Articles tagged with: Bpl Mobile and Essar Group
India's Loop Telecom Faces Loss of Operating Licenses
India's Loop Telecom is facing the possible forfeiture of its 21 operating licenses after the Department of Telecom asked the ministry of corporate affairs (MCA) to carry out a second investigation into the company's shareholders. more
Related Tags: loop-telecom, vodafone, India
Fraud Office Investigating Loop Mobile Shareholders
India's Serious Fraud Investigating Office is reported to have asked the country's Ministry of Corporate Affairs to investigate alleged license violations by Loop Telecom. The investigation follows complaints from a Non-Governmental Organisation (NGO) that the company has two shareholders of unknown nationality. more
Related Tags: loop-telecom, India
Indian Operator at Risk of Losing Telecoms License
The telecoms license held by India's Loop Telecom may be at risk after the ministry of corporate affairs (MCA) has asked the communications ministry to investigate if the shareholders violate the law on cross company ownership. more
Related Tags: loop-telecom, vodafone, ovi, zte, tim, ict, mumbai, essar, loop-mobile, India
India's Aircel Reported to be in Talks to Buy Loop Mobile
India's Aircel Cellular is reported to be in talks to buy Mumbai based Loop Mobile (formerly BPL Mobile), which is owned by the Ruias of the Essar group. Both companies have been holding discussions for around seven months now, two people familiar with the discussions told the Economic Times. more
Related Tags: , ict, vodafone, tim, mtn, cdma, loop-telecom, bharti, bharti-airtel, mtnl, mumbai, seven, maxis, essar, vodafone-essar, aircel, loop-mobile, India
Vodafone Seeking Damages From Indian Partner
India's Vodafone Essar is seeking damages of around Rs 1,100 crore (US$252 million) from the Essar Group for not transferring shares in Mumbai based BPL Mobile to the company. As part of Vodafone's move into the Indian market, the company agreed to buy BPL Mobile from the Ruias of the Essar Group and merge it with Vodafone Essar. more
Related Tags: loop-telecom, mumbai, essar, vodafone-essar, India
Essar Chairman: No Clash Of Interest With Vodafone On BPL License
SINGAPORE -(Dow Jones)- Indian conglomerate Essar Group said Wednesday it doesn't see any clash of interest with its U.K. partner Vodafone Group over moves by BPL Mobile Communication, in which Essar has a 9.9% stake, to seek an independent telecommunications license in India. more
Related Tags: essar, vodafone-essar, vodafone-group