Saudi Telecom Takes 9.9% Stake in Spain’s Telefonica

[ad_1] Saudi Telecom has taken a 9.9% shareholding in Telefonica, but ruled out acquiring a controlling interest. [ad_2] Source link

Saudi Arabia’s STC acquires 9.9% stake in Spain’s Telefonica

[ad_1] Saudi Telecom Company has acquired a 9.9 per cent stake in Spain’s Telefonica for 8.5 billion Saudi rials ($2.27 billion), STC said in a statement on Tuesday. The partnership…