August 28, 2009 / 3:54 AM / 11 years ago

RPT-Indian state firm to sell stake in Bharti unit

(Repeats story issued late on Thursday)

NEW DELHI, Aug 27 (Reuters) - The Indian government on Thursday said state-run Telecommunications Consultants India Ltd (TCIL) could sell its 30 percent stake in a unit of top mobile operator Bharti Airtel (BRTI.BO).

TCIL would invite bids from global firms for the stake in Bharti Hexacom through a two-stage bidding process and would appoint advisers shortly, the government said in a statement.

Bharti Airtel owns 70 percent of Bharti Hexacom, which operates in two of India’s 22 service areas. (Reporting by Devidutta Tripathy; Editing by John Mair)

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