Spain Invests in Telefónica to Counter Saudi Influence

The Spanish government plans to invest up to $2.2 billion in Telefónica to safeguard a vital national asset against Saudi Arabia’s growing involvement in the company. Telefónica is a leading global telecommunications company of Spanish origin. It operates in 12 countries and employs an average of 113,182 people. Spain’s investment entity, Sepi, will acquire up […]

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