#LOOP MOBILE ONLINE PAYMENT HOW TO#

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#LOOP MOBILE ONLINE PAYMENT HOW TO#

Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. The company had over 17 lakh customer in August as per data released by TRAI.Д«usiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Loop Mobile has applied to Telecom Regulatory Authority of India (TRAI) for release of additional porting codes for facilitating port-out (transfer) of all its subscribers. Private sector lender Axis Bank has told the DoT that Rs 215-crore loan to Loop Mobile will be at risk if the deal of the Mumbai-based operator to sell its assets to Bharti Airtel is not approved.ДЄ consortium led by Axis Bank had given advanced loans of Rs 350 crore to Loop Mobile and the current outstanding stood at Rs 215 crore, according to a communication by the bank to DoT. No immediate comments were received from Airtel. Loop Mobile will not be able to migrate its subscribers to Airtel as originally envisaged. Under the agreement, Loop Mobile's 3 million subscribers (at that time) in Mumbai were suppose to join Airtel's over 4 million subscribers, making it largest network in the metropolitan city. Loop Mobile's permit in Mumbai is expiring on November 29 and the company did not purchase spectrum in February auction which was mandatory for continuing its operations.ДЄirtel had signed a deal with Loop in February this year to buy business and assets of Loop Mobile in Mumbai under a strategic agreement for about Rs 700 crore. DoT is yet to give clearance to the deal as it estimates that Loop Mobile and its sister concern Loop Telecom owe about Rs 808 crore in spectrum and other charges to the government.

Loop mobile online payment