A deal for T-Mobile Netherlands would represent a rare purchase in Europe and come as billionaire Mukesh Ambani tries to transform Reliance from an old-economy conglomerate into a technology and e-commerce titan.
LONDON: Billionaire Mukesh Ambani’s Reliance Industries Ltd is weighing a bid for Deutsche Telekom AG’s Netherlands subsidiary, according to people familiar with the matter.
The Indian conglomerate is working with an adviser to evaluate an offer for T-Mobile Netherlands BV, the people said, asking not to be identified discussing confidential information. Deutsche Telekom is seeking about €5bil (US$5.9bil or RM24.9bil) in any sale, the people said.
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