All stc (Saudi Telecom) articles
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Peoplestc’s CEO joins Telefónica board as new shareholders reset pecking order
Long-anticipated boardroom rejig sees stc boss Olayan Alwetaid confirmed as telco’s representative in Spain, following recent stake increase — but Spanish government expand its influence over decision-making in parallel.
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M&ASaudi tower consolidation rolls on as state fund completes TAWAL buy
Saudi Arabia’s sovereign wealth fund PIF completes combination of existing tower assets with those of TAWAL, creating new player with 30,000-mast portfolio. Move marks another step towards achieving objectives of country’s Vision 2030 strategy…
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Strategy & Changestc secures stake (and strategic say) at Telefónica
Saudi operator increases its holding in Spanish operator to just below 10%, following government approval for controversial move in November. Share buy to be accompanied by a Board of Directors seat, confirming stc’s position of influence over Telefónica, alongside Spanish government, as Group changes complexion. Read more…
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PeopleTelefónica defenestrates Executive Chairman Álvarez-Pallete
This is a developing story. Chairman and CEO José María Álvarez-Pallete forced out at board meeting. Financial markets may take badly to implications of seeming boardroom coup by Spanish state, including shock arrival of comparative unknown successor with history of state affiliation. Read latest update…
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M&Astc eyes Spain expansion after Telefónica stake buy approval
Saudi telco gets Spanish government’s blessing to increase Telefónica holding to 9.9%, more than a year after making its entrance as a stakeholder. stc also considering further investment in Spain, and elsewhere in Europe. Read more…
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PeopleTelefónica CEO to stay in GSMA chair for two more years
Álvarez-Pallete extends contract to serve in GSMA top spot until end of 2026. Appointment comes alongside overhaul of GSMA’s Board of Directors, which now includes representatives from BT, Liberty Global, and more…
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Network & InfrastructureOrange builds head of steam as open RAN targets loom
Speaking at Network X, Atoosa Hatefi confirmed Orange procurement will be mandating RAN open interfaces from 2025, with TCO scale in Europe envisioned by 2030. stc, Qualcomm and Wind River also see remaining ORAN hurdles overcome. Read more…
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M&ASpanish M&A rolls on as Inveready said to reach Avatel deal
Asset management group reportedly reaches deal with Avatel co-founder to jointly acquire the business, continuing wave of consolidation in Spanish telecoms market. Read more…
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M&Astc said to be back in Telefónica stake-building mode
Saudi operator reportedly considering increasing Telefónica stake beyond 9.9% should Spanish gov approve September 2023 share purchase.
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Network & InfrastructureUS majors first, Vodafone next as SpaceMobile readies for launch
AST SpaceMobile backers AT&T and Verizon will beta test space-based cellular broadband initially, with Vodafone and Rakuten next on the list for commercial services.
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Weekly BriefingsVodafonewatch Weekly: dominoes fall as European restructure takes hold
Latest from Vodafone and its ecosystem, including new and expanded deals at Vodafone Business across IoT, unified comms, and more; Tomorrow Street swapping out partners in regular fashion; and ripple effect of European M&A continueing to be felt…
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M&AVodafone Portugal attracts Saudi buyout — report
Portuguese telecoms brace for another stc advance if rumours are believed, with Vodafone transitioning from local buyer to acquisition target. Plan B to stitch up Iberian synergies with stc’s Telefónica stake in Spain?
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M&AMore suitors challenge Telefónica for potential Avatel buy — report
Investors Inveready and PAI Partners reportedly looking to buy fixed network operator, valued at around €550m. Telefónica and stc Group among others vying for the operator to advance Spanish fixed strategies.
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M&ACriteriaCaixa makes another Telefónica share buy, reaching 10% target
Spanish investment group ties with the government as operator’s largest shareholder after gradually building up its position over last two years.
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M&AAmérica Móvil’s Slim buys into Kirkby’s vision for BT
Interests linked to the Mexican telecoms billionaire have acquired a 3.2% stake in BT, with BT remaining neutral on the development.
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Public AffairsEU trains regulatory spotlight on e& over CEE expansion plans
European Commission opens probe into UAE‑based operator’s planned PPF transaction amid “alleged subsidies” concerns.
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M&ACaixaBank bids farewell to remaining Telefónica stake
Spanish investment group sheds last slice of operator’s share capital, after gradually reducing its position over last three years.
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M&AGerman state trims Deutsche Telekom stake to 27.8%
Government intends to invest funds raised from DT share sale in Germany’s railways.
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Venturing & InvestmentsAirbus’ HAPS startup Aalto lands Japanese investment for ‘next phase’
Long-sought funding set to help Aalto accelerate commercial deployment of its Zephyr stations, through which it aims to provide non-terrestrial, direct-to-device mobile connectivity, among other applications.
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Network & InfrastructureTelefónica takes bulk of Spain’s rural 5G SA funding
Group receives more than half of €508m funding available through UNICO-5G Redes Activas programme, despite alterations to tender to reduce perceived competitive advantage.