www.WirelessFederation.com/news: In a move to offload its minority stake, Vodafone Group, world’s largest telecom operator by revenue may sell its 4.39% indirect holding in India’s largest telecom company, Bharti Airtel.

Vodafone bought 10% stake in Bharti in 2005, but sold nearly half of that after it entered the Indian market on its own in 2007. With the current valuation, Vodafone’s stake in Bharti could be worth around Rs 5,500 crore. In a deal that took place last month, Singtel bought 1.52% stake for Rs 3,008 crore. Considering the fact, the present stake could fetch Vodafone as much as Rs 8,700 crore.

At present, Singapore Telecom Company, SingTel is the largest shareholder in Bharti Airtel with about 30.5% and it is set to reach around 32% after a deal last month for another 1.52% indirect stake in the company. The promoters family Mittal hold less than 30% stake in the company now.