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Spain to buy up to 10% in Telefonica following Saudi entrance, ET Telecom

Telefonica: SEPI said it would complete the acquisition of shares while minimising the impact on the share price. It would not give further details. A 10% stake has a current market value of around 2 billion euros ($2.20 billion). ....

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Telefonica Shares: Telefonica's shares soar after Spanish government unveils plan to buy stake, ET Telecom

Telefonica shares were up 5.5% at 3.763 euros in early trading, on track for their best day since November 22, 2021 and the top gainer in the STOXX 600 index. ....

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