Aircel in talks to acquire Loop Mobile?

6 Apr 2009

India’s Economic Times is reporting that Aircel Cellular, a subsidiary of Malaysia’s Maxis Communications, is in negotiations to purchase Mumbai-based Loop Mobile (formerly BPL Mobile). According to the report talks between the two operators have been ongoing for several months, although both parties have denied the claims. It is believed that the two companies have yet to agree on a value for Loop Mobile, which according to TeleGeography’s GlobalComms database had a subscriber base of just under two million at end-December 2008. Any sale, however, still faces a block due to a Bombay High Court injunction that stops the sale of shares in Loop pending resolution of its ownership dispute with Vodafone Essar; in January 2009 Loop applied to the court for the restriction to be lifted but no further developments have been reported.

India, Loop Mobile, Aircel,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

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
  • Regulators

Learn more about advertising on CommsUpdate.