(Alliance News) -Â Reliance Industries is mulling a bid for BT Group PLC, Indian newspaper the Economic Times reported on Monday. Citing people familiar with the matter, Reliance could make an unsolicited offer to buy into BT or try and take a controlling stake, the Economics Times reported. It could also propose to partner with BT's fibre optic arm Openreach and fund its expansion plans. The UK-listed telecommunications firm earlier this month reported record Openreach 'fibre to the premises' build in the second quarter, to bring its footprint to nearly six million. Back in May, the London-based company explored the creation of a joint venture to fund the roll-out of fibre to an additional five million premises.

Source: Economic Times November 29, 2021 09:05 UTC