By Adria Calatayud
Saudi Telecom Co. has taken a 9.9% stake in Telefonica, but doesn’t have an intention a to buy controlling interest in the Spanish telecommunications group, the companies said late Tuesday.
Telefonica said STC built its stake through a direct acquisition of a 4.9% interest in the company and through financial instruments…
This article was originally published by Marketwatch.com. Read the original article here.
