According to reports, talks between the two companies have been going on for long and it could take few more months to seal the deal as Airtel is awaiting clarity on the final guidelines of mergers and acquisitions in the telecom sector and renewal fees. Loop's licence expires in September 2014.

With this acquisition, Airtel will become the leader in Mumbai in terms of number of subscribers. Loop Mobile has more than 3 million subscribers base at present. It had started operations as BPL mobile in 1995 and rebranded as Loop in 2009.


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