Telefonica M&A Insight: New 10% Spanish Stake Explained

The Spanish government announced its plans to acquire a 10% stake in Telefonica, a major telecommunications company in Spain.

This move comes in response to Saudi Telecom’s significant investment in the operator earlier this year. By acquiring this stake, the government aims to become the “reference public shareholder” in Telefonica and cites its leadership in the telecommunications sector as well as its