Bharti Airtel stock rose over one per cent to touch a high of Rs. 342.6 in opening trade at the BSE, after the company announced signing of a definitive agreement with Loop Mobile to create Mumbai's largest mobile network, Reports PTI.

Earlier on February 18, Bharti Airtel had announced an agreement with Loop Mobile to create "Mumbai's largest mobile network".

Taking the announcement forward, the company said this morning that it has now signed a definitive agreement with Loop Mobile (India) Limited in this regard.

Under the agreement, Loop's 3 million subscribers in Mumbai will join Airtel's over 4 million subscribers. It will also bring together Loop Mobile's network supported by 2,500 plus cell sites and Airtel's network supported by over 4,000 cell sites across Mumbai.