Bharti Airtel may sell shares to Singapore Telecommunications to part fund its purchase of Zain’s Africa assets for $10.7 billion as it tries to avoid taking too much debt and adverse investor reaction to a rights share sale, a person familiar with the matter said.A share sale to SingTel which owns about 30% in the company, could help chairman Sunil Mittal avoid an embarrassment if investors shun a rights issue as it happened in the case of Tata Motors after buying Jaguar Land Rover. Full Story
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Bharti May Sell Shares to SingTel to Fund Buy, Eco. Times Says - Bloomberg.com
Bharti may sell shares to fund Zain purchase - IT News Africa
Bharti Airtel Says Not Exploring SingTel Funding For Zain Deal - The Wall Street Journal
