Spanish government counteracts Saudi investment in Telefónica

(David Ramos/Getty Images)
(David Ramos/Getty Images)
The Spanish government has agreed a deal to acquire up to a 10-per-cent stake in Telefónica, in a move that will counterbalance investment in the telecoms operator from Saudi Arabia’s STC Group.

Subscribe to unlock this article

Explore our subscription options to continue reading our industry-leading content!

Already have an account? Sign in here