me_saket 73 Report post Posted May 11, 2009 loop mobile site not updated http://www.loopmobile.in/index.htm Loop Telecom did a soft launch of its services in Chennai and Orissa circles on Monday. Among the new telecom operators who were given licences in the recent past, Loop is the second one to launch in Chennai circle after MTS, a CDMA service provider jointly promoted by Shyam Telecom and Russia’s Sistema. Loop Telecom’s parent company, Loop Mobile, has presence in the Mumbai circle with around 21.6 lakh subscribers as on March 31, as per data provided by Cellular Operators Association of India (COAI), an association of GSM service providers in India. Loop Telecom will offer services in Chennai and other circles under the same brand as that in Mumbai viz “Loop Mobile.” According to a media release issued by the company, it will launch in Karnataka, Andhra Pradesh and Kerala by mid-June. It’s not known as to how Loop is funding its national roll-out when its ownership and funding are being investigated by the ministry of company affairs and its parent is the subject of an arbitration dispute between the Essar group and Vodafone. When asked if Loop’s launch in other circles would have any impact on the arbitration, a Vodafone Essar spokesperson said, “The arbitration is only for the company’s Mumbai operations.” The Ruia-promoted Essar Group, with interests in steel and shipping businesses, owns around 9.9 per cent stake in Loop Telecom. Essar Group has 33 per cent stake in Vodafone Essar, a private GSM service provider with pan-India presence. Sanjeev Chachondia, chief executive officer, Loop Telecom said, “We are at present testing our services and products in Tamil Nadu and Orissa. Subseq-uently, we will roll out a wider range of network coverage and services.” Recently, Loop Telecom had announced placing an order with ZTE, a Chinese company that provides telecom equipment and network services, to supply end-to-end network equipment for roll-out of telecom services. http://www.telecomtiger.com/Wireless_fulls...mp;section=S216 Share this post Link to post Share on other sites
