New Delhi: Mukesh Ambani’s billionaire Reliance Industries Ltd.
Having offers for Tradespans Netherlands Deutsche Telekom AG, according to people who are familiar with this problem.
Indian conglomerates work with advisors to evaluate offers for Dutch T-Mobile BV, said people, asking not to be identified to discuss confidential information.
Deutsche Telekom looks for around 5 billion euros ($ 5.9 billion) in any sale, said people.
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Seriberation is underway, there is no final decision made and no dependence on certainty will decide to continue with an official offer, according to people.
Deutsche Telekom refused to comment.
Representatives for dependence cannot comment immediately.
Deutsche Telekom works with Morgan Stanley for business sales, which has attracted interest from private equity companies including what Mitra Apollo Global Management, BC, Equity Partners Providence and Warburg News, Bloomberg News reported last month.
Reliance is the largest company in India with market value with a business that includes oil purification, petrochemical, retail and telecommunications.
The agreement for the T-Mobile Netherlands will represent a rare purchase in Europe and comes when Ambani tries to change the dependence of the old economic conglomerate into Titan technology and e-commerce.
Deutsche Telekom entered the Dutch mobile market in 2000, obtained shares in business with BelgaCom SA and Tele Danch.
This business changed its name to the Netherlands T-Mobile in 2003 after the German carrier bought the rest.
This is considered a sales unit in 2015 to raise funds to buy wireless frequencies in the US, before deciding to maintain the business.
In 2019, the Dutch T-Mobile joined the Tele2 AB operation in the country to create one of the largest local operators.
Speaking on investors in May, Tele2 executive head Kjell Johnsen confirmed the company planning to sell 25% holding in the Netherlands T-mobile and focus on its core markets in Nordics and Baltic.
Reliance will likely weigh bids for Dutch T-Mobile
