WOM filed for bankruptcy earlier this year

Spanish operator could sell for $1bn

But MásOrange still needs to sell 10 MHz of 3.5 GHz spectrum to avoid exceeding cap

Telefónica has confirmed talks are ongoing

Will open a third cloud region in Madrid with Telefónica España

Companies seeking $1 billion for Spanish operator

Saudi telco STC acquired a 9.9 percent stake last year

Now owns more than five percent of telco

SEPI will eventually take 10 percent holding

Up from 71.81 percent

Transaction is split into two tranches

He was executive chairman for 16 years

Telco confirms expected cuts will go ahead

Said the acquisition will provide "greater shareholding stability for the company"

Hasn't formally approached Oi as of yet

More reports from unions of job cuts at the Spanish telco

The agreement is expected to be enough to push the merger through

Number of jobs set to go, not yet known

And its third green bond this year

Wants to buy out the 28 percent of Telefónica Deutschland (O2) that it does not own

The deal is expected to complete in the first half of next year

GLIL appears to be the frontrunner

The Saudi telco has agreed to buy a 9.9 percent stake in the company

Becomes the biggest shareholder in the Spanish mobile operator