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FEB. 19, 201419/02/2014

Airtel to buy Loop Mobile’s business for Rs 700 crore

Telecom major Bharti Airtel today said it would acquire Loop Mobile, which is operational in Mumbai circle only. Airtel has entered into a strategic agreement to acquire Loop’s over three million subscribers and some assets for about Rs 700 crore. Established in 1994, Loop Mobile was the country's first mobile network operator. Earlier, it was known as BPL Mobile.

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