India’s Reliance Industries is reportedly considering making an offer for London-listed BT Group.
The Economic Times cited sources familiar with the matter as saying that billionaire Mukesh Ambani’s Reliance might make an unsolicited offer or try to get a controlling stake in the company. It said the firm may also suggest partnering with BT’s fibre optic arm Openreach and funding its expansion plans.
In September, a consortium of Apax and Warburg Pincus outbid Reliance for control over a Dutch unit of T-Mobile.
According to the Economic Times, deliberations between Reliance and BT are in the early stages and a transaction might not occur.
