STC confirms that it will reach 9.9% in Telefónica "in one year" and meets with Álvarez-Pallete in Madrid. Sources close to the company have confirmed the celebration to El Mundo.
The Arab group displayed a strong presence this week in Spain, being the main sponsor of the Mobile World Congress and coexisting a few meters away with the Telefónica exhibitor. STC Group directly controls 4.9 per cent of the company and has the option to reach 9% through the execution of financial derivatives.