Indian conglomerate Reliance Industries (RIL) is said to be close to making a bid, worth about $5.7bn, for T-Mobile Netherlands. If successful, buying the unit would give RIL’s disruptive mobile and digital services arm, Reliance Jio, its first foothold in Europe. This could send shivers down some MNO spines in the region. Of course, The Netherlands is a small market and a very different one from India, so it would be unlikely that Jio could replicate the approach or the success it has had in its home country. However, this could be just a first step towards building a larger European base and seeking to harness open architectures, digital services and elastic pricing to challenge the established players. Operating companies…