stc acquires 9.9% interest in Telefónica for SAR 8.5bn
- Date: 06-Sep-2023
- Source: Mubasher
- Sector:Technology
- Country:Saudi Arabia
stc acquires 9.9% interest in Telefónica for SAR 8.5bn
Riyadh – Mubasher: Saudi Telecom Company (stc) held 9.90% equity in Telefónica after purchasing 569.29 million shares at a total value of SAR 8.50 billion (EUR 2.10 billion). The transaction aligns with the Saudi group’s expansion and growth …
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