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Reliance Industries weighs bid for UK Telco BT Group: Report


Reliance Industries weighs bid for UK Telco BT Group: Report

Reliance may make an unsolicited offer to buy into BT Group.

New Delhi: Reliance Industries Ltd (RIL) is considering an offer for British telecommunications company BT Group Plc, Economic Times reported on Monday, citing sources familiar with the matter.

Billionaire Mukesh Ambani’s Reliance may make an unsolicited offer to buy into BT Group or will attempt to acquire a controlling stake in it, the report said.

In September, Reliance was outbid by a consortium of Apax and Warburg Pincus for control of a Dutch unit of T-Mobile.

The ET report also says the deliberations are in the early stages and there may be no transaction.

(This story has not been edited by NDTV staff and was automatically generated from the feed provided.)

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