Spain takes 10% of Telefonica following Saudi stake

Spain said Tuesday it will acquire 10 percent of local telecoms giant Telefonica, just months after Saudi Telecom took a significant stake in the operator. The move follows the September announcement by Saudi Telecom (STC) it had paid 2.1 billion euros ($2.3 billion) for a 9.9 percent share in Telefonica which has a strong presence in Latin America and the United Kingdom.

Spain takes 10% of Telefonica following Saudi stake
sme loan

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

sme loan

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

sme loan

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

Spain said Tuesday it will acquire 10 percent of local telecoms giant Telefonica, just months after Saudi Telecom took a significant stake in the operator. The move follows the September announcement by Saudi Telecom (STC) it had paid 2.1 billion euros ($2.3 billion) for a 9.9 percent share in Telefonica which has a strong presence in Latin America and the United Kingdom.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow