The Saudi Telecom Company (STC) has invested for a 9.9 per cent interest in Telefonica with the sum of €2.1 billion, about N1,700,176,044,000.00 trillion, thereby increasing investments outside of its home market, reports ITREALMS.
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Showing posts with label Saudi Telecom Company. Show all posts
Showing posts with label Saudi Telecom Company. Show all posts
Wednesday, September 06, 2023
Saudi Telecom invests N1.7trn on Telefonica - ITREALMS
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The Saudi Telecom Company (STC) has invested for a 9.9 per cent interest in Telefonica with the sum of €2.1 billion, about N1,700,176,044,000.00 trillion, thereby increasing investments outside of its home market, reports ITREALMS.
A press statement available to ITREALMS, STC is backing Telefonica’s current leadership and strategy claimed it had no intention of acquiring control or a majority stake in the Spain-based operator group.
The Saudi Telecom Company (STC) has invested for a 9.9 per cent interest in Telefonica with the sum of €2.1 billion, about N1,700,176,044,000.00 trillion, thereby increasing investments outside of its home market, reports ITREALMS.
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