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Bharti Airtel Calls off Rs 700-cr Deal to Acquire Loop Mobile

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Bharti Airtel has scrapped its plan to buy business and assets of Mumbai-based Loop Mobile, since the deal remains unapproved by the sector regulator, Surya Mahadevan, chief operating officer of the company.

As a result all customers of 20-year-old Loop must port out of the network by November 29 when operations must be terminated, he added. Original post at ET Telecom

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Wahengbam Rorrkychand

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