Mukesh Ambani's Reliance Industries is planning to buy Netherlands telecom company

Mukesh Ambani’s Reliance Industries is planning to buy Netherlands telecom company

If Reliance Industries buys T-Mobile Netherlands, then it will have to pay about $ 5.9 billion because that is the price charged for T-Mobile.

Mukesh Ambani

Mukesh Ambani, the country’s richest businessman and chairman of Reliance Industries, is planning to buy the Netherlands’ telecom company T-Mobile. For this, they are working closely with the advisor and estimating the cost of T-Mobile.

On the condition of anonymity, some people associated with it told that the Netherlands subsidiary of Deutsche Telekom AC wants to sell its subsidiary T-Mobile for about 5 billion euros ($5.9 billion or Rs 43 thousand crore). This means that if both the companies agree to this deal, then Reliance Industries will have to pay about 43 thousand crores to buy T-Mobile.

Discussions on Reliance and T-Mobile’s deal continue

The deal is currently being discussed, no final decision has been taken and there is no confirmation on whether Reliance will decide to go ahead with the formal proposal. However, the telco declined to comment on the matter. At the same time, there has been no response from Reliance on this.

Bloomberg News reported last month that Deutsche Telekom is working with Morgan Stanley to sell its business to private equity firms including Apex Partners, Apollo Global Management Inc., BC Partners, Providence Equity Partners and Warburg Pincus. is shown.

T-Mobile’s rival’s stock fell due to Reliance

Buyout firms are drawn to such assets as they can gain control of the underlying infrastructure that delivers stable long-term returns. In May, Dutch telecom group Royal KPN NV said it had rejected the high-level approach by investment firm EQT AB and StonePeak Infrastructure Partners. KPN shares fell as much as 4.7 per cent to a three-week low in Amsterdam on Tuesday as Reliance considered bidding for its rival.

Reliance is India’s largest market value company in terms of market value, spanning oil refining, petrochemicals, retail and telecommunications. As such, Reliance’s purchase of T-Mobile Netherlands would represent a rare purchase in Europe.

Let us tell you that Deutsche Telekom entered the Dutch mobile phone market in 2000 by acquiring stake in Belgacom SA and Tele Denmark. It was renamed T-Mobile Netherlands in 2003 after a German carrier purchased the remainder.

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