Bharti to buy Loop Mobile in $113 million deal: Reports
Feb 17 2014 , Mumbai
The deal will be on a slump sale basis, the paper said, quoting sources involved in the deal, and Bharti will get Loop's 3 million subscribers, about 400 telecom towers and optic fibre and electronic equipment on which Loop's network currently runs, a business daily newspaper said.
The deal will make Bharti the largest telecoms operator in the Mumbai circle with about 7 million subscribers, ahead of rival Vodafone's Indian unit.
A Bharti spokesman declined to comment. Loop did not have an immediate comment.