Saudi STC group acquires 9.9 percent of Telefonica shares
epa10844646 An exterior view of Saudi Telecommunication Company (stc) office in Riyadh, Saudi Arabia, 06 September 2023. Saudi Telecommunication Company (STC) group announced that it had acquired a 9.9 percent interest in Telefonica S.A., one of the largest telecommunications companies in the world with significant presence in Spain, Germany, the UK, and Brazil, for a total consideration of 8.5 billion Saudi Riyals (2.1 billion euros), according to stc statement on 05 September. EPA/YAZEED ALDHAWAIHI
