The Saudi operator STC buys 9.9% of Telefónica and becomes its main shareholder

The Saudi Telecom (STC) telephone operatorthe main one in Saudi Arabia, has confirmed the purchase of 9.9% of Telefónica shares. In the operation, which was carried out by surprise, STC has invested 2,100 million euros. The operator, which is controlled by the Arab state, has taken advantage in its purchase of the decline in the …

from TechUnwrapped https://ift.tt/pcUeQFR
https://ift.tt/sQldYSV