The Economic Times reports that the owners of Indian cellco Loop Mobile are considering selling the company and are looking at a valuation of about USD450 million, citing officials close to the matter. Loop Mobile is the sister company of Loop Telecom, which has chosen not to participate in the upcoming spectrum auction after its operating licences were revoked by the Supreme Court in February this year. Loop Mobile was said to be looking to ‘exit the telecom space,’ though a spokesperson for the cellco has denied the claim, calling it ‘highly speculative in nature’.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors