iWorld

Bharti Airtel set to acquire Loop for Rs 700 crore

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/internet-images/2014/02/17/bharti_airtel.jpg?itok=t3tBVSo-

MUMBAI: India’s largest cellular carrier, Bharti Airtel, is set to acquire small mobile operator Loop Mobile for about Rs 300 crore, according to reports. This would be the first merger in six years in an industry long seen as ripe for consolidation.

Loop, which operates only in Mumbai with about three million subscribers, was up for grabs as a potential acquisition as its spectrum licence lapses on 28 November.

If Bharti completes the acquisition it will overtake Vodafone India and become the market leader in terms of customer numbers, although not by revenue in Mumbai - which is one of the biggest cellphone markets in India.

The deal - if it happens - would also see Bharti take on Loop’s debt of nearly Rs 400 crore.

Industry consolidation has been slow to take place in the world’s second-largest cellular market due to challenging merger rules, including a new requirement that the buyer pay separately for the target company’s airwaves based on prices determined at an auction.

Loop Telecom, an associate company of Loop Mobile, lost its permits in 21 of India’s 22 teleco service areas after the Supreme Court order on the 2008 wireless permits. Loop has denied any wrongdoing.

Loop’s main investor is Dubai-based Khaitan Holdings, whose founders are related to the founding family of Indian conglomerate Essar Group. Essar owns over a per cent in Loop.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/19/Gaurav_Gandhi-800x800.jpg?itok=dsFNa5Dc
Gaurav Gandhi says PWA enhanced content consumption experience as Voot triumphs at IBC

MUMBAI: Content is the king, but technology is the supreme general. Voot has won the coveted International Broadcasting Convention 2017 (IBC2017) Innovation Award for Content Distribution for its Progressive Web App (PWA) product - Voot Lite, in Amsterdam on 17 September. Viacom18’s ad-supported...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/16/Asian-OTT.jpg?itok=jkZSqP_H
Asian OTTs use global, local content, AVoD and SVoD mix to consolidate position, says report

MUMBAI: Over-the-Top services are steadily gaining traction in APAC, but succeeding in a highly diverse and price-sensitive market will entail a thorough understanding of consumer preferences and intent.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/16/Ajit-Mohan-Hotstar.jpg?itok=ichXXX0D
Hotstar to stream Emmy Awards in India on 18 Sept

MUMBAI: It is bringing the world to India and taking India to the globe!

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/15/Jennifer-Batty.jpg?itok=NWDvanfB
Hooq hooks CBS’ Jennifer Batty as CCO

Earlier this year, OTT service Hooq cofounder and chief content & distribution officer Krishnan Rajagopalan relinquished his post, which lay vacant. Today, the burgeoning SVOD’s service’s CEO Peter Bithos announced that the position has been filled as a replacement has been found in former RTL...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/15/Reed%20Hastings%20and%20stephane%20richard.jpg?itok=-6AYW8aX
Netflix: DreamWorks' Cobb to lead kids, family content team, deal with Orange renewed

MUMBAI: Two significant developments have taken place at Netflix, a leading internet entertainment service with 104 million members in over 190 countries, including India, enjoying over 125 million hours of TV shows and movies per day, including originals. Orange and Netflix have inked a major...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/15/twitte_2.jpg?itok=0S9CtgTr
Hoichoi original adult-comedy Dupur Thakurpo campaign launched

MUMBAI: In the run-up to Hoichoi’s launch, SVF has rolled out an innovative social media campaign to promote its upcoming original web series, an adult-comedy, Dupur Thakurpo.

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/14/bharti-airtel.jpg?itok=h9qSs7Hw
Airtel forges partnership with Korean mobile broadband co SK Telecom

India's largest telecommunications services provider Airtel will partner Korea's SK Telecom to potentially create the country's finest telecom network and leapfrog into being a next-gen future-ready telco.

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/14/Untitled-1.jpg?itok=zhWR222P
Wireline broadband subs base falls, overall broadband subs base grows

BENGALURU: India’s wireline broadband internet subscriber fell further by 1.04 percent in the month ended 31 July 2017 (Jul-17) as compared to the previous month (Jun-17, month ended 30 June 2017). Earlier, the wireline broadband internet subscriber base had eroded by 0.11 percent in the month...

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/13/VOD.jpg?itok=YbR4eMl8
India, US lead in VoD subs as global viewing increased 34 per cent

MUMBAI: Millennial consumers worldwide lead the growth of online video consumption, according to a research report from Limelight Networks, a leader in digital content delivery. Taking a close look at consumers’ changing viewing habits, the annual report shows that the average global viewer...

iWorld Video On Demand

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories