Bharti Airtel signs network merger agreement with Loop Mobile
Indian operator Bharti Airtel has signed a definitive agreement to merge its operations with Loop Mobile.
The deal is designed to create Mumbai’s largest mobile network, and comes after Airtel announced a strategic plan in February which proposed the tie-up to cover the Mumbai service area.
Combined, the two companies will have seven million subscribers in Mumbai, and the transaction brings together Loop Mobile’s 2G/Edge network with Airtel’s 2G and 3G network.
Loop and Airtel have 2,500 cell sites and 4,000 cell sites in Mumbai respectively, and subscribers will have access to a wide retail reach of over 220 outlets.
The companies said Loop subscribers will now have the added benefits of access to Airtel’s product portfolio, including 3G, 4G, Airtel Money, VAS and international/roaming capabilities.