SingTel sells 0.8% stake in India's Bharti Airtel to GQG Partners for $711m

SingTel sells 0.8% stake in India's Bharti Airtel to GQG Partners for $711m

FILE PHOTO: A woman using a mobile phone walks behind a Singtel signage at their head office in Singapore February 11, 2016. REUTERS/Edgar Su/File Photo/File photo

Singapore Telecommunications on Thursday said it has sold a 0.8% stake in India’s Bharti Airtel for S$950 million (nearly $711 million) to U.S. investment firm GQG Partners.