The Bharti Group and the Singapore Telecommunications (SingTel) Group are planning to set up a joint venture (JV) for providing long distance telephony services to multinational companies.

The Bharti Group and the Singapore Telecommunications (SingTel) Group are planning to set up a joint venture (JV) for providing long distance telephony services to multinational companies. SingTel Australia Holding has approached the Foreign Investment Promotion Board (FIPB) for setting up a subsidiary or a JV in India. Bharti will hold 9.9 per cent stake in the JV and has given a conditional no-objection to the proposition.