Out of the Loop

1 Oct 2014

Indian cellco Loop Mobile has been instructed to notify remaining subscribers of the closure of its services in Mumbai as of 28 November 2014 when its 20-year licence in the 900MHz spectrum band expires. Having informed the Telecom Regulatory Authority of India (TRAI) that it is unable to renew its licence, the struggling operator – which closed down all of its networks outside of Mumbai in May 2012 and, according to My Digital Financial Chronicle, held only 0.21% market share as at end-July 2014 – finally has to cease services.

Indian giant Bharti Airtel, which offered INR7 billion (USD113.2 million) for control of Loop in February 2014, will be due to acquire around 3.2 million subscribers and 400-500 towers upon Loop’s licence expiry. The provider will not gain Loop’s spectrum but will see its Mumbai user base rise to above seven million, pending final closure of the acquisition.

Loop mobile has been directed to inform all subscribers of its date of closure by writing or by SMS.

India, Bharti Airtel, Loop Mobile