India’s largest mobile services operator Bharti Airtel (BRTI.BO) may sell shares to Singapore Telecommunications (STEL.SI) to partly fund its purchase of Zain’s (ZAIN.KW) African assets and avoid taking on too much debt, the Economic Times newspaper said on Friday. 

 

A share sale to SingTel, which owns about 30% in the Indian mobile services firm, could help Chairman Sunil Mittal avoid an embarassment if investors shun a rights issue, the report said.