“It does show the market is tricky,” said a person close to the transaction.

Bharti Airtel currently owns 68.3 per cent in its Africa unit.

Shares in parent Bharti Airtel fell 1.9% to Rs 339 on the BSE Wednesday, in line with the broader weak markets.

Airtel is turning to its overseas arms to cut debt, as its prepares to list its Africa unit on London Stock Exchange.

It also seeks to list on the Nigerian Stock Exchange.

Emerging market debt is generally becoming less creditworthy.

Airtel stock closed the day up 2.8 per cent at Rs 351.80 on the Bombay Stock Exchange, outperforming a positive broader market.

The insurgents, allied to the Islamic State group in Syria and Iraq, have in recent months increasingly used suicide and bomb attacks.

No comments were received from Econet. Airtel Nigeria is part of the African telecom business that Bharti acquired from Zain for about $10....

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