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TRAI sets Nov 29 as deadline for porting out Loop customersNews

Nov 07, 2014, 09.32 PM IST | Source: PTILoop Mobile's permit in Mumbai is expiring on November 29 as it did notpurchase spectrum in February auction which was mandatory forcontinuing its operations. 3Google +0 0

TelecomregulatorTRAI hasfixedmidnightofNovember29 asdeadlinefor

subscribers of Loop Mobile to shift to other networks while retaining theirnumbers by using the MNP facility.Loop Mobile's permit in Mumbai is expiring on November 29 as it did notpurchase spectrum in February auction which was mandatory forcontinuing its operations.The Telecom Regulatory Authority of India today directed Mobile NumberPortability service provider "not to process the request for porting inrespect of mobile telephone numbers belonging to Loop Mobile...as donoroperator after 23:59:59 hours of 29th November".It has also agreed to the demand of Loop Mobile of providing with bulkMNP codes to transfer its over 10 lakh customer base in Delhi before itslicence expires on November 29. TRAI has allowed Loop Mobile to use anadditional service provider code 'F' in addition to its existing code 'L' toenable it to generate more than 5 lakh codes at a time.Telecom major Bharti Airtel this week called off the deal to acquirebusiness and assets of Mumbai-based Loop Mobile including subscribers

for about Rs 700 crore, pending clearances by the Department ofTelecom.DoT estimates that Loop Mobile and its sister concern Loop Telecom oweabout Rs 808 crore in spectrum and other charges to the government. Bharti Airtel stock priceOn December 23, 2014, at 13:41 hrs Bharti Airtel was quoting at Rs354.80, up Rs 5.55, or 1.59 percent. The 52-week high of the share wasRs 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 shareas 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 166.93per share. At current value, the price-to-book value of the company is2.13.RELATED NEWS

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TRAI sets Nov 29 as deadline for porting out Loop customers