Singapore Telecommunications (SingTel), Southeast Asia's largest telecoms company, owns an effective 29.5% stake in India's Bharti Airtel. SingTel said in a statement net profit for the quarter ended June 30 was S$483 million ($355.91 million), compared with S$628 million a year earlier. In the three months ending June 30, SingTel logged a net exceptional loss of S$88 million owing to a sharp depreciation in the Nigerian naira, compared with an exception gain of S$129 million a year ago.