NEW DELHI (Reuters) - Bharti Airtel Ltd
Bharti did not say how much it was paying for the assets of Loop Mobile, which operates only in the financial capital Mumbai. Sources said on Monday that Bharti would pay 3 billion rupees and take on 4 billion rupees of debt held by Loop.
The deal would take Bharti's total customers in Mumbai to more than 7 million, helping it surpass Vodafone
Bharti said in a statement the companies were yet to sign a definitive agreement and that the deal was subject to regulatory approval.
(Reporting by Devidutta Tripathy; Editing by Edwina Gibbs)