Market
What major investment or acquisition will STC make in the telecom sector by the end of 2025?
3
Saudi Telecom Company•STC•SEC•Telefónica•Luxco•Green Bridge Investment•Spanish•Morgan Stanley•Marc Murtra•Public Investment Fund•SEPI
Resolution / Starting Odds
Acquisition of a European telecom company • 25%
Investment in a technology startup • 25%
Partnership with a global telecom giant • 25%
No major investment or acquisition • 25%
Official announcements from STC or major financial news outlets
Story
STC, Through Luxco, Boosts Telefónica Stake to 9.97%, Aims for Board Seat Amid Leadership Change
Jan 24, 2025, 09:11 AM
Saudi Telecom Company (STC) has informed the U.S. Securities and Exchange Commission (SEC) that it now controls a 9.97% stake in Telefónica, up from a previous 4.9%, through its wholly-owned subsidiary Luxco, officially known as Green Bridge Investment. This increase in ownership was authorized by the Spanish government in November of the previous year. STC, which completed the acquisition of 565.28 million shares on January 17 via a deal with Morgan Stanley, has expressed its intention to seek a seat on Telefónica's board of directors. The move comes shortly after the departure of José María Álvarez-Pallete from the presidency of Telefónica, with Marc Murtra taking over the role. STC's acquisition, backed by the Public Investment Fund, is for investment purposes, positioning it as a significant shareholder, second only to the Spanish state's Sociedad Estatal de Participaciones Industriales (SEPI), which holds a 10% stake in Telefónica.
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Yes • 50%
No • 50%
No • 50%
Yes • 50%
Technology sector • 25%
Other sectors • 25%
Real estate sector • 25%
Healthcare sector • 25%
Merger or Acquisition • 25%
New Technology Investment • 25%
Divestiture • 25%
Other • 25%
Cost-cutting and restructuring • 25%
Focus on digital transformation • 25%
Expansion into new markets • 25%
Other strategic focus • 25%
SoftBank • 25%
Other • 25%
Oracle • 25%
OpenAI • 25%
Vodafone • 25%
Deutsche Telekom • 25%
AT&T • 25%
Verizon • 25%
T-Mobile • 25%
AT&T • 25%
Verizon • 25%
Other • 25%
Equal contribution • 25%
OpenAI • 25%
SoftBank • 25%
Oracle • 25%
Completed by other partners • 34%
Completed by SoftBank • 33%
Completed by OpenAI • 33%