Tycoons Ambani, Mittal in race for Zee Entertainment stake

Indian Bollywood film director Omung Kumar (L) and actor Vivek Oberoi (R) perform with children during the launch of Zee TV's upcoming acting and drama reality kids show 'India's Best Dramebaaz Season 3' in Mumbai on June 18, 2018. Photographer: Sujit Jaiswal/AFP/Getty Images

Billionaires Mukesh Ambani and Sunil Bharti Mittal are considering competing bids for a stake in a troubled Indian television network, people with knowledge of the matter said, as their telecom carriers race for content in the world’s second-biggest mobile market.

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