The company’s call centres have actively been contacting Loop users, offering attractive deals on telephone and Internet services.
Usha Shriram Enterprises is in talks with several potential investors, including private equity firms to sell a part or whole of the unlisted company.
Loop Mobile’s promoters could consider launching a virtual telecom network as their deal with Bharti Airtel doesn’t prevent such a move.
Most of Loop Mobile’s 750 employees fear they could be left without jobs as the Mumbai-based telco agreed to sell its customers.
Idea Cellular emerged as a surprise package, ambushing heavyweight rivals to come away with crucial bandwidth in the Delhi circle, besides pushing up costs in Mumbai.
Bharti Airtel is set to acquire Loop Mobile in a Rs 700-crore deal that may be announced as early as this week.
Although Mukesh Ambani-owned Jio Infocomm withdrew from the race for the 900 MHz, the company ensured that the price of the band for incumbents remained high .
Airtel should pull out of race for 900 MHz, switch to 1800 MHz band: AnalystsKolkata is likely be retained by Bharti Airtel and Vodafone, the tussle is on for Delhi and Mumbai, two markets with high-paying data customers.
The spectrum auctions have thrown the spotlight squarely on the business plans of Reliance Jio Infocomm which has been aggressively bidding for bandwidth.
The apparent slowing down of bidding, reflects the strategy being adopted by the companies to prevent a runaway surge in prices.
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