Asia briefs: Loop Mobile to shut down next months, 2 numbers on a single SIM & more

Asia Briefs: Loop Mobile to shut down next month, 2 numbers on a single SIM & more

03 OCT 2014

In a regular series, Mobile World Live‘s Asia Editor Joseph Waring provides a regional roundup of news snippets:

Loop Mobile to shut down in November
Loop Mobile will stop offering mobile services on 29 November when its spectrum licence expires. The company did not participate in India’s spectrum auction earlier in the year and later told India’s telecoms regulator it couldn’t afford to renew its licence.

The Telecom Regulatory Authority of India has told Loop to inform its customers of the closure within ten days.

Loop had planned to sell its assets to Bharti Airtel for INR7 billion ($114 milion) in a deal that would have created the largest mobile network in Mumbai with more than seven million users. But concerns have arisen over the proposed acquisition, which the Department of Telecommunications said would result in a revenue loss to the government.

India’s foreign direct investment jumps sharply
Foreign direct investment into India’s telecoms sector increased to more than $2.3 billion in the first four months of fiscal 2014-15 (April-July). For the entire FY2013-14 FDI in the sector was only $1.3 billion, which was down from $1.99 billion in 2011-12. The foreign investment this year has been used to pay for spectrum and network rollouts.

P1 acquisition confirmed
Telekom Malaysia (TM) announced that its planned acquisition of Packet One Networks (P1) has obtained the required regulatory approval. TM is now the holding company for P1 with a shareholding of 55.3 per cent while Green Packet has a 31.1 stake and SK Telecom has a 13.6 per cent share in the wireless broadband provider.

Two numbers on a single SIM
StarHub has released an app that allows postpaid customers to use two mobile numbers on a single SIM card.

The 2-in-1 LINE app allows customers to make calls or send texts using a secondary mobile number. Their existing primary line remains active throughout for data access as well as receiving calls and texts.

The company said the app also lets users manage other features such as a voicemail inbox with personalised greetings, call filtering/blocking options and a separate mobile address book and call/text logs.

The app is available for Android and iOS devices. The service is SGD5.35 ($4.20) a month, but StarHub is offering customers who sign up by 31 December free access for three months and unlimited texting.

Author

Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

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