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Bharti Airtel (@airtelindia) scraps Loop Mobile merger deal #Press #Media @Livemint

Bharti Airtel had planned to buy Loop’s assets in February, but the deal did not get regulatory approvals. Bharti Airtel Ltd abandoned its `700 crore plan to buy Loop Telecom for its Mumbai operations after the country’s largest telecom operator failed to secure regulatory approval for the acquisition, a situation that prompted most of Loop’s mobile phone subscribers, the company’s most valuable asset, to desert the network.

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