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MELBOURNE, Oct 9 (Reuters) The Australian Government said on Monday it would sell 2.15 billion shares in Australia's top telecommunications company, Telstra Corp Ltd. in two instalments, planning to raise about A$8 billion ($6 billion).

Retail investors will pay A$2.00 per share in the first instalment, including a 10 cent discount on the institutional offer price of A$2.10.

The price for the second instalment will be set through an institutional bookbuilding.

The government in August announced it would sell about A$8 billion of its 51.8 percent stake in Telstra -- its third public offering in the group.

Telstra shares were trading up around 0.8 percent at A$3.86 on Monday.

Reuters DKS VP0805