stc Group acquires a 9.9% interest in Telefónica
Riyadh: stc Group announced it has acquired a 9.9% interest in Telefónica 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 SAR 8.5 billion (EUR 2.1 billion). This acquisition represents another milestone in stc Group’s expansion and growth strategy, and reflects stc Group’s confidence in Telefónica’s sustainable growth and upside potential. Telefónica […]














