Reliance mulls bid for British telco BT Group: Report
Admin
Dec 3, 2021 11:14
74
Indian oil-to-telecoms conglomerate Reliance Industries Ltd 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 try to get a controlling share in it, the report said, adding that the firm may also propose to partner with BT's fibre optic arm Openreach and fund its expansion plans.
