Airtel To Buy Loop Mobile, Will Gain Millions of Subscribers
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The real figures of the deal are not clear, but industry specialists are putting a number of Rs 700 crore on it. For the ailing
Airtel and Vodafone have been increasing their subscriber base rapidly and leaving the rest of the pack behind quickly. The next step in the evolution cycle, which is acquisition of smaller players such as Loop Mobiles made perfect sense. However, with the acquisition Airtel needs to improve 3G and voice services in sectors such as Delh/NCR and Mumbai, which have not been at their best lately.
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