Spain vows to defend ‘strategic interests’ as stc looks to buy into Telefónica
The Spanish government is likely to probe Saudi telco stc’s plan to take a 9.9% stake in Telefónica, valued at around €2.1 billon, according to reports. The Saudi group, backed by the country’s sovereign wealth fund, informed Telefónica and the Spanish government about its intentions just before news of the bid became public on Tuesday. […]