New Delhi, Nov 29 (PTI) Reliance Industries on Monday categorically denied any intent to bid for the UK telecom group, BT.

RIL dismissed a report titled `Reliance mulling bid for UK's telco BT Group' as "completely speculative and baseless".

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"We categorically deny any intent to bid for the UK telecom group, BT, formerly British Telecom, as reported in the article...," Reliance Industries Ltd (RIL) said in a communication to BSE.

Reliance Industries' telecom arm Jio, which is India's largest operator, had 42.48 crore mobile subscribers until September 2021, as per TRAI data.

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The company on Sunday had announced up to 21 per cent hike in its prepaid tariffs as it joined rivals Airtel and Vodafone Idea in tariff revision.

Jio's revised tariffs are to be effective from next month.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)