Loading...
Market
Will STC increase its Telefónica stake to over 15% by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from STC or Telefónica, or filings with Spanish regulatory bodies
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.
View original story
Similar markets
Increased partnerships in the Middle East • 25%
Expansion into new markets • 25%
No significant changes • 25%
Other strategic shifts • 25%
Another telecom company • 25%
Technology sector • 25%
Media sector • 25%
Other sectors • 25%
Yes • 50%
No • 50%
Strengthened position • 25%
Weakened position • 25%
Unchanged position • 25%
Other outcomes • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Decrease by more than 5% • 25%
No significant change • 25%
Other • 25%