Hong Kong, November 07, 2014 -- Moody's Investors Service says Bharti Airtel Limited's ("Bharti", Baa3 stable) withdrawal of its deal to acquire Loop Mobile (unrated) is modestly credit negative, as Bharti's competitive position will not get the anticipated boost in market share in Mumbai nor increase in Average Revenue Per User (ARPU) from Loop's more remunerative post-paid customer base. However, Bharti continues to benefit from customers porting to its network via the available MNP route.

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