• STC, Saudi Arabia's leading telecoms operator, has reportedly submitted the highest binding offer to acquire Altice Portugal, the country's largest telecom service provider. Bloomberg sources revealed that this bid positions STC ahead in a competitive race against other potential suitors. Altice has urged other bidders to reconsider their proposals in light of STC's offer, although reluctance from competitors is noted.

• The interest from STC, majority-owned by the Public Investment Fund, aligns with its recent European expansion endeavors. In September, STC acquired a 9.9% stake in Spain's Telefonica, becoming its top shareholder. This move follows its subsidiary Tawal's agreement to acquire mobile tower infrastructure in Bulgaria, Croatia, and Slovenia, valued at EUR 1.2 billion from United Group, showcasing STC's strategic growth strategy in Europe.