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.