Bharti Airtel set to acquire Loop Mobile in a Rs 700-crore deal

Bharti Airtel set to acquire Loop Mobile in a Rs 700-crore deal

MUMBAI: Bharti Airtel is set to acquire Loop Mobile in a Rs 700-crore deal that may be announced as early as this week in what will be the first consolidation move in the country’s telecom industry since 2008, taking India’s biggest operator to the top spot in Mumbai, three people involved in the deal told ET. Kotak Mahindra Investment Bank is the sole advisor for the transaction, running the sale process, they said.  Read More News>>
Bharti Airtel is set to acquire Loop Mobile in a Rs 700-crore deal that may be announced as early as this week.

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