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Bharti Airtel Shares Drop After Nigeria Unit Price-War Report

Dec. 1 (Bloomberg) -- Bharti Airtel Ltd., India’s largest mobile-phone operator, dropped 3.4 percent to 347.9 rupees as of 1:22 p.m. in Mumbai trading, set for its sharpest decline since Nov. 12.

A reduction in call rates by Bharti’s Nigerian unit may trigger a price war, BusinessDay newspaper reported, citing analysts it didn’t identify.

Link to Company News:{BHARTI IN <Equity> CN <GO>}

To contact the reporter on this story: Shikhar Balwani in Mumbai at sbalwani@bloomberg.net

To contact the editor responsible for this story: Margo Towie at mtowie@bloomberg.net

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