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Telefónica, another Saudi Arabian trampoline to invest in innovation and mediate in the West

Summary by Merca2.es
Saudi Aramco’s risk division has invested in an artificial intelligence startup (IA) in the cloud backed by our Telefónica, categorized as “the Spanish telecommunications giant” by foreign media. It is precisely a large Saudi teleco, STC, that has held de facto 9.97% ownership since this February. There are other large Spanish companies, such as Naturgy or Cepsa (now Moeve) that have a significant presence of capital from the Middle East. It has…
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Telefónica, another Saudi Arabian trampoline to invest in innovation and mediate in the West

Saudi Aramco’s risk division has invested in an artificial intelligence startup (IA) in the cloud backed by our Telefónica, categorized as “the Spanish telecommunications giant” by foreign media. It is precisely a large Saudi teleco, STC, that has held de facto 9.97% ownership since this February. There are other large Spanish companies, such as Naturgy or Cepsa (now Moeve) that have a significant presence of capital from the Middle East. It has…

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Merca2.es broke the news in on Sunday, February 23, 2025.
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Similar News Topics

Saudi Aramco

Saudi Aramco

Innovation

Innovation

Saudi Arabia

Saudi Arabia

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