Singtel To Sell $1.6 Billion Shares In India’s Airtel To JV Firm Backed By Billionaire Partner Sunil Mittal

Singapore Telecommunications said Thursday it has agreed to sell 3.3% of Indian mobile carrier Airtel to Bharti Telecom—Singtel’s joint venture with billionaire Sunil Mittal’s Bharti Enterprises—for S$2.25 billion ($1.6 billion).