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Reliance Weighs Bid for UK Telecom Firm BT Group: ET

Talks of a possible deal come two months after the Indian conglomerate was outbid by a private equity consortium of Apax Partners and Warburg Pincus for T-Mobile’s Dutch unit


Reliance
A Reliance Jio store is seen in Kolkata. Photo: AFP

 

Reliance Industries is exploring a bid for UK telecoms group BT, formerly British Telecom, The Economic Times reported, citing several sources aware of the matter.

Talks of a possible deal come two months after the conglomerate was outbid by a private equity consortium of Apax Partners and Warburg Pincus for T-Mobile’s Dutch unit, the report said.

 

Read the full report: Economic Times

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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