Spain Says It’s Analyzing Saudi Telecom Investment in Telefonica

  • 📰 crypto
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Spain is analyzing Saudi Telecom Co.’s plan to become Telefonica SA’s largest shareholder, and has legal instruments to protect the country’s strategic interests, Prime Minister Pedro Sanchez said.

largest shareholder, and has legal instruments to protect the country’s strategic interests, Prime Minister“The government is analyzing the investment operation thoroughly,” Sanchez said on Friday at an event in Madrid.

“We have the adequate instruments to exercise the necessary controls and we will guarantee that at all times national defense and security, understood in a broad sense, will be safeguarded. And we also guarantee that any foreign investment will not exceed the limits that would involve undue influence over strategic companies, or access to critical technologies.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 292. in BUSİNESS

Business Business Latest News, Business Business Headlines