Reliance Industries Weighs Bid For UK Telco BT Group: Report


Reliance Industries Weighs Bid For UK Telco BT Group: Report

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

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

Billionaire Mukesh Ambani’s Reliance might make an unsolicited offer to buy into BT Group or will try to get a controlling share in it, the report said.

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

The ET report also said the deliberations were in the early stages and there might not be a transaction.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)



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