MADRID - Spanish telecoms company Telefonica will offer nearly 700 million euros ($960 million) for 49 percent of Colombian broadband and fixed-line operator ETB, Spanish newspaper El Economista reported on Wednesday.

Telefonica has already expressed an interest in the Colombian operator, a Telefonica spokesman said, but he declined to be drawn on a possible price. ($1=.7294 Euro) (Editing by Jon Loades-Carter)