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Loop Telecom Hires Head Honcho; In Talks With Telenor, Zain

Rajiv Sawhney, the President Director at Hutchison Telecom, has been roped in to head Loop Telecom, reports the Economic Times. Loop is a subsidiary of BPL mobile, and has the license to roll out services in 21 circles. Essar promoters, the Ruias have a 9.9 percent stake in BPL mobile, while Essar owns 33 percent stake in Vodafone Essar. Sawhney has worked previously with the Essar Group, as the Executive Director of Vodafone Essar between 1999 and 2004. Note that this has not been confirmed.

Loop, meanwhile, is in talks with Kuwaits Zain Telecom, and Norwegian telco Telenor for a stake sale, according to Business Standard. In Asia, Telenor already has operations in Pakistan (Telenor Pakistan), Bangladesh (Grameenphone), Malaysia (DiGi) and Thailand (dtac). Zain Telecom has operations in 22 countries – seven in the Middle East, and 15 countries in Africa.

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ