
Telefónica ousts long-standing chair, appoints Marc Murtra as new executive chair
José María Álvarez-Pallete leaves after nine years in the role
José María Álvarez-Pallete leaves after nine years in the role
Claim pilot scheme is first of its kind in Middle East
Secures voting rights as part of the deal
Parent company's subsidiaries Center3 and STC Bahrain invest $300m in the two projects
Negotiations broke down during the last couple of weeks
Could STC expand its European footprint
Saudi telco STC acquired a 9.9 percent stake last year
Now owns more than five percent of telco
SEPI will eventually take 10 percent holding
JV will "catalyze" digital transformation of Saudi Arabia
The deal is expected to complete in the first half of next year