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STC Acquires 9.97% Stake in Telefonica Amid Leadership Shift

1/26/2025

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Summary

Story summary

STC Group has acquired a 9.97% stake in Telefonica, aiming for a board seat.
This acquisition coincides with recent leadership changes at Telefonica, including Marc Murtra's appointment as CEO.
SEPI and Criteria have also raised their stakes, indicating a consolidation of Spanish interests.
Telefonica's shares fell 4.3% due to worries about political influence on business operations.

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Story summary

STC Group has acquired a 9.97% stake in Telefonica, aiming for a board seat.
This acquisition coincides with recent leadership changes at Telefonica, including Marc Murtra's appointment as CEO.
SEPI and Criteria have also raised their stakes, indicating a consolidation of Spanish interests.
Telefonica's shares fell 4.3% due to worries about political influence on business operations.