Market
Will Telefónica announce a strategic partnership with STC by the end of 2025?
2
Saudi Telecom Company•STC•SEC•Telefónica•Luxco•Green Bridge Investment•Spanish•Morgan Stanley•Marc Murtra•Public Investment Fund•SEPI
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Telefónica or 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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Strengthen existing partnerships • 25%
End existing partnerships • 25%
No major changes • 25%
Form new partnerships • 25%
Yes • 50%
No • 50%
1-2 new partnerships • 25%
5 or more new partnerships • 25%
3-4 new partnerships • 25%
No new partnerships • 25%
Focus on digital transformation • 25%
Cost-cutting and restructuring • 25%
Other strategic focus • 25%
Expansion into new markets • 25%
Merger or Acquisition • 25%
Other • 25%
New Technology Investment • 25%
Divestiture • 25%
SEPI, STC, and no change • 25%
SEPI, STC, and a new investor • 25%
SEPI, STC, and a current minor shareholder • 25%
SEPI, STC, and another entity • 25%
Another entity becomes largest • 25%
Criteria Caixa becomes largest • 25%
STC becomes largest • 25%
SEPI remains largest • 25%
Marc Murtra appointed • 25%
No decision made • 25%
Another candidate appointed • 25%
José María Álvarez-Pallete remains • 25%