Telefónica ousts long-standing chair, appoints Marc Murtra as new executive chair
José María Álvarez-Pallete leaves after nine years in the role
News - SEPI
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Spanish gov't reaches 10% stake in Telefónica to fend off STC
Saudi telco STC acquired a 9.9 percent stake last year
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Telefónica wins €80m Spanish defense contract
Won three of the four contracts up for grabs
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Spanish government buys 3% stake in Telefónica
SEPI will eventually take 10 percent holding
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Spanish gov't to acquire 10% stake in Telefónica after recent STC investment
Said the acquisition will provide "greater shareholding stability for the company"