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STC has purchased a 9.9% interest in Telefónica to further its growth ambitions outside of Saudi Arabia Saudi Telecom Company (STC) has purchased a 9.9% interest in Telefónica for €2.1 billion ($2.25 billion) to further its growth ambitions outside of Saudi Arabia. The stake, said the company, is comprised of 4.9% of Telefónica’s shares, as […]
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