#Telefonica

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September

Telefónica

Saudi telecom acquires 9.9% interest in Spain’s Telefónica

Telefónica benefits from a portfolio of infrastructure assets and technology platforms, where it is developing capabilities in areas such as cognitive intelligence, edge computing and IoT