As Telefónica signs fiber agreement with MásOrange

Spanish operator could sell for $1bn

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

Agreement to last for 16 years

Partnership with Autobahn GmbH will expand the carrier's 5G network

Seen as a significant step towards maximizing the potential of Industry 4.0

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

Might have been optimistic with its switch-off date

Won three of the four contracts up for grabs

30 MHz of spectrum in the 3.5 GHz band is up for grabs

Now owns more than five percent of telco

SEPI will eventually take 10 percent holding

Solar cells and a highly efficient fuel cell are able to generate sustainable electricity on-site

Telco also deploy off-grid cell tower in Kirtorf

The entity will be a subsidiary of Virgin Media O2

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"

Hopes to break the US hyperscaler cloud monopoly

More reports from unions of job cuts at the Spanish telco