In the list of winding up Telecom firms following Supreme Court ruled to cancelled 122 licences, name of Loop Telecom is now going to be added.
The company asked all its GSM customers to port out by April 30 because it is going to completely stop operations by May 15.
Verdict delivered by Supreme Court verdict in February has caused a large amount of liquidation of operators as Loop’s statement stated, “Loop Telecom is in the process of complying with the directive of the Honorable Supreme Court of India.”
