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Market
How will Telefónica's market position in Europe change by end of 2025?
2
Resolution / Starting Odds
Improves significantly • 25%
Improves slightly • 25%
Remains stable • 25%
Declines • 25%
Market reports from financial analysts or official company reports
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
Strengthened position • 25%
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Strengthen existing partnerships • 25%
Form new partnerships • 25%
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No significant change • 25%
Other • 25%
Increased partnerships in the Middle East • 25%
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No significant changes • 25%
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Remain the same • 25%
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Increase by more than 5% • 25%
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Most valuable start-up • 33%
Second most valuable start-up • 33%
Third or below • 33%