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TRAI sets Nov 29 as deadline for porting out Loop customers

News

Nov 07, 2014, 09.32 PM IST | Source: PTI

Loop Mobile's permit in Mumbai is expiring on November 29 as it did not
purchase spectrum in February auction which was mandatory for
continuing its operations.
3
Google +0
0
Telecom
regulator
TRAI has
fixed
midnight
of
November
29 as
deadline
for

subscribers of Loop Mobile to shift to other networks while retaining their

numbers by using the MNP facility.
Loop Mobile's permit in Mumbai is expiring on November 29 as it did not
purchase spectrum in February auction which was mandatory for
continuing its operations.
The Telecom Regulatory Authority of India today directed Mobile Number
Portability service provider "not to process the request for porting in
respect of mobile telephone numbers belonging to Loop Mobile...as donor
operator after 23:59:59 hours of 29th November".
It has also agreed to the demand of Loop Mobile of providing with bulk
MNP codes to transfer its over 10 lakh customer base in Delhi before its
licence expires on November 29. TRAI has allowed Loop Mobile to use an
additional service provider code 'F' in addition to its existing code 'L' to
enable it to generate more than 5 lakh codes at a time.
Telecom major Bharti Airtel this week called off the deal to acquire
business and assets of Mumbai-based Loop Mobile including subscribers

for about Rs 700 crore, pending clearances by the Department of

Telecom.
DoT estimates that Loop Mobile and its sister concern Loop Telecom owe
about Rs 808 crore in spectrum and other charges to the government.

Bharti Airtel stock price

On December 23, 2014, at 13:41 hrs Bharti Airtel was quoting at Rs
354.80, up Rs 5.55, or 1.59 percent. The 52-week high of the share was
Rs 419.90 and the 52-week low was Rs 282.10.
The company's trailing 12-month (TTM) EPS was at Rs 27.40 per share
as per the quarter ended September 2014. The stock's price-to-earnings
(P/E) ratio was 12.95. The latest book value of the company is Rs 166.93
per share. At current value, the price-to-book value of the company is
2.13.
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