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Articles tagged with: Loop Mobile
Essar Group Moves its Vodafone Shareholding into Holding Company
India's Essar Group is reported to have moved part of its 33% stake in Vodafone Essar to a new stand-alone company with the intention to use it as collateral for fund raising purposes. A person privy to the development told the Economic Times that the diversified Essar group has transferred a 10.97% stake from its telecom arm Essar Teleholdings to a newly-created firm ETHL Communications Holdings. more
Related Tags: essar-group, vodafone-essar, essar, 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, bpl-mobile, essar-group, ovi, zte, tim, ict, mumbai, essar, 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, bpl-mobile, essar-group, bharti, bharti-airtel, mtnl, mumbai, seven, maxis, essar, vodafone-essar, aircel, India
India's BPL Mobile, which offers services in Mumbai has rebranded itself as "Loop Mobile" as the firm also launches its EDGE coverage in the city. The company announced the completion of its network expansion and has now doubled its capacity by deploying the latest NGIP (Next Generation Internet Protocol) and EDGE. more
Related Tags: edge, vas, bpl-mobile, mumbai, trai, gsm