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How will STC's investment affect Telefónica's stock price by end of 2025?
3
Resolution / Starting Odds
Significant increase • 25%
Moderate increase • 25%
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Stock market data and analysis from financial platforms
Story
Spanish Government Approves STC's 9.97% Stake in Telefónica After 15 Months
Nov 28, 2024, 11:17 AM
The Spanish government, after a 15-month review, has approved the acquisition by Saudi Telecom Company (STC) of a 9.97% stake in Telefónica, increasing its current holding from 4.9%. The decision, announced by Economy Minister Carlos Cuerpo, allows STC to appoint a board member, marking a significant foreign investment in the Spanish telecommunications sector. The approval comes with conditions, reflecting the government's cautious approach to foreign ownership in strategic industries.
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Similar markets
Yes • 50%
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Increased partnerships in the Middle East • 25%
Expansion into new markets • 25%
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Another telecom company • 25%
Technology sector • 25%
Media sector • 25%
Other sectors • 25%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
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Strengthen existing partnerships • 25%
Form new partnerships • 25%
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No major changes • 25%