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Possible Answers:
LOOP.
Last seen on: –Daily Beast Crossword Wednesday, 13 December 2023
–LA Times Crossword, Fri, Mar 24, 2023
–Washington Post Crossword Friday, March 24, 2023
Daily Beast Crossword Thursday, January 26, 2023
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Nalin Khaitan (Director)
Loop Mobile India Ltd, formerly BPL Mobile Communications, was an Indian mobile network operator.
BPL Mobile Communications, established in 1994, was India’s first mobile network operator. It began commercial operations in 1995. The Khaitan Holdings Group purchased a 99% stake in the company at a cost of ₹700 crore (equivalent to ₹20 billion or US$250 million in 2020) in 2005. BPL Mobile was renamed to Loop Mobile in March 2009. Having consistently met and exceeded Telecom Regulatory Authority of India benchmarks, Loop Mobile was ISO 9001:2008 certified in 2009, in accordance with the TUV NORD CERT auditing and certification procedures.
On 18 February 2014, Axiata announced that it was acquiring Loop Mobile for ₹700 crore (equivalent to ₹950 crore or US$120 million in 2020), prior to that, a Chennai-based Information Technology Company, Zeesta IT Services MD Hemanth Raj, evaluated to acquire, however the deal did not materialize. The two companies had been in talks since mid-2013. Loop Mobile’s 20-year licence in the 900 MHz band was due to expire in the last quarter of 2014, and the company did not participate in the 2014 spectrum auction. However, on 5 November 2014, Bharti announced that it was dropping plans to acquire Loop Mobile, after the former failed to gain regulatory approval from the Department of[clarification needed] for the acquisition.