Deals
Spain Weighs Buying Telefonica Stake to Counter Saudi Deal
The Telefonica flagship store on Gran Via in central Madrid.
Photographer: Paul Hanna/BloombergThis article is for subscribers only.
The Spanish government is considering buying a stake in Telefonica SA following Saudi Telecom Co.’s plan to become the Spanish telecommunications carrier’s largest shareholder.
SEPI, the government’s corporate holding group, hasn’t yet made a final decision, it said in a regulatory filing on Tuesday.