Saudi STC group acquires 9.9 percent of Telefonica shares
epa10844637 A man exits 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
