JOHANNESBURG, Nov 21 (Reuters) – South Africa’s third-biggest telecom company Telkom TKGJ.J said on Tuesday that it is in exclusive negotiations with a preferred bidder regarding the potential sale of its masts and towers business, Swiftnet.

Telkom said the preferred bidder is a consortium of equity investors, including a Black Economic Empowerment partner, led and managed by a reputable private equity firm.

(Reporting by Nqobile Dludla; Editing by Edmund Klamann)

((nqobile.dludla@thomsonreuters.com; +27103461066;))

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