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Articles tagged with: Mumbai and Loop Telecom
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: vodafone, bpl-mobile, essar-group, ovi, zte, tim, ict, 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, bpl-mobile, essar-group, bharti, bharti-airtel, mtnl, seven, maxis, essar, vodafone-essar, aircel, loop-mobile, hutch, 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: bpl-mobile, essar-group, essar, vodafone-essar, hutch, India
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