News > Mukesh Ambani's Reliance mulls bid for controlling stake in UK telecom giant

Mukesh Ambani's Reliance mulls bid for controlling stake in UK telecom giant

Times Now | 29/11/2021 08:53 AM | Click to read full article

Reliance Industries Ltd (RIL) is mulling a potential bid for the UK-based telecommunications giant British Telecom (BT), in an indication of Mukesh Ambani’s plans to take Jio global.

RIL may alternatively propose to partner with BT’s optic arm Openreach and fund its expansion plans. BT, however, earlier said it was junking plans to get a financial or strategic joint venture partner.