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Market
Will Telefónica appoint an STC board member by June 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Telefónica or STC, or announcements in Spanish financial news
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
Internal promotion • 25%
External hire • 25%
Temporary appointment • 25%
No appointment by deadline • 25%
Another telecom company • 25%
Technology sector • 25%
Media sector • 25%
Other sectors • 25%
Yes • 50%
No • 50%
Current Telefónica Executive • 25%
External Candidate • 25%
Interim Leadership • 25%
Other • 25%
Increased partnerships in the Middle East • 25%
Expansion into new markets • 25%
No significant changes • 25%
Other strategic shifts • 25%
Yes • 50%
No • 50%
Strengthened position • 25%
Weakened position • 25%
Unchanged position • 25%
Other outcomes • 25%