{"id":83297,"date":"2024-02-11T00:00:00","date_gmt":"2024-02-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/11\/stc-is-still-in-the-running-for-a-piece-of-altice-in-portugal\/"},"modified":"2024-02-11T00:00:00","modified_gmt":"2024-02-11T00:00:00","slug":"stc-is-still-in-the-running-for-a-piece-of-altice-in-portugal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/11\/stc-is-still-in-the-running-for-a-piece-of-altice-in-portugal\/","title":{"rendered":"STC is still in the running for a piece of Altice in Portugal"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>We hope you had a restful weekend full of family, friends, and good food. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a weighty issue for you this morning<\/strong> with plenty of news from the <strong>Public <\/strong><strong>Investment Fund<\/strong>, a report that three Bulge Bracket stalwarts are in line to quarterback a blockbuster <strong>share sale for Aramco<\/strong>, and news that <strong>Cenomi Retail<\/strong> has completed the sale of a portfolio of non-core brands as it doubles down on its champions, <\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Some 300 brands will be on display at Beautyworld Saudi Arabia<\/strong>, the Kingdom\u2019s largest exhibition for the beauty and wellbeing sectors. The Saudi beauty industry is worth as much as USD 500 mn per year, organizers say. The event runs through Tuesday at the Riyadh International Convention and Exhibition Center.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong><a target=\"_blank\" href=\"https:\/\/globalsmartcityforum.sa\/en\/Pages\/About.aspx\" style=\"\" rel=\"noopener\">The Global Smart Cities Forum<\/a><\/strong><strong> kicks off tomorrow in Riyadh and wraps up on Tuesday. <\/strong>The forum, organized by the Saudi Data and Artificial Intelligence Authority (SDAIA), features over 80 speakers from 40 nations worldwide for talks on strategies for fostering sustainable urban development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong><strong>It\u2019s shaping up to be a sunny, breezy and pleasant day in Riyadh and Jeddah <\/strong>with morning showers and scattered clouds in the cards for Dammam.<\/p>\n<ul>\n<li><strong>Riyadh:<\/strong> 25\u00b0C daytime \/ 9\u00b0C overnight<\/li>\n<li><strong>Jeddah<\/strong><strong>:<\/strong> 28\u00b0C daytime \/ 18\u00b0C overnight<\/li>\n<li><strong>Dammam<\/strong><strong>:<\/strong> 22\u00b0C daytime \/ 15\u00b0C overnight<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>#1- <\/strong><strong>Saudi Telecom (STC) is still in the running for a stake in telecom group Altice <\/strong><strong>Portugal<\/strong>, with <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-09\/saudi-telecom-iliad-warburg-advance-in-altice-portugal-bidding\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reporting that the operator is among a handful of suitors that have been invited to the second round of bidding. French telecoms firm Iliad and a consortium led by global private equity firm Warburg Pincus are also in the running to buy a stake in Portugal\u2019s largest network operator. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Interest from STC, which is 64% owned by the Public Investment Fund, and others come as media empire owner and Israeli b\u2019naire Patrick Drahi looks to sell shares and pay down debt, as we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ff8763c4-d0a4-405d-a365-b050ee350285\" style=\"\" rel=\"noopener\">noted in December<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The<\/strong><strong>Capital Market Authority (CMA) has asked prosecutors to file charges against a <\/strong><strong>group of investors<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/cma.org.sa\/en\/Market\/News\/pages\/CMA_N_3484.aspx\" style=\"\" rel=\"noopener\">statement<\/a> last week. The CMA claims the group tried to manipulate the share price and closing prices of shares in 52 listed companies. The CME did not name any of those it is asking prosecutors to charge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/riyadhseason.com\/en-US\" style=\"\" rel=\"noopener\">Riyadh<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/riyadhseason.com\/en-US\" style=\"\" rel=\"noopener\">Season<\/a><\/strong><strong> events <\/strong><strong>attracted some 17 mn visits since the start of the <\/strong><strong>festival in October<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2044646\" style=\"\" rel=\"noopener\">SPA<\/a> says. that\u2019s <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/saudi-tourism-idUKL1N3AJ38K\/\" style=\"\" rel=\"noopener\">well over the 10-12 mn figure<\/a> organizers were hoping to see pass through the festival, which runs until March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Al Hilal was <\/strong><strong>crowned<\/strong><strong> Riyadh Season Cup champion <\/strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/RiyadhSeason\/status\/1755704033745019049\" style=\"\" rel=\"noopener\">after beating<\/a> Ronaldo\u2019s Al Nassr 2-0 in the final game on Thursday. The friendly tournament saw Al Hilal, Al Nassr and Inter Miami face off in a table format, with all the teams playing each other once. Al Hilal finished on top with a perfect record of 6 points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MORNING MUST READ- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- <\/strong><strong>Our very own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.netflix.com\/title\/81614037\" style=\"\" rel=\"noopener\">\u201cFrom the Ashes\u201d<\/a><\/strong><strong> has been racking up views on Netflix<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/arts-culture\/film-tv\/2024\/02\/10\/from-the-ashes-netflix-saudi-arabia\/\" style=\"\" rel=\"noopener\">National<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In detail: <\/strong>As of 4 February, the Netflix original has dominated weekly non-English top-10 lists in Jamaica, Luxembourg, Spain, Egypt, Nigeria, and Trinidad and Tobago, amassing 7.6 mn views and 11.6 mn hours watched. The Netflix production recounts the harrowing real-life story of an all-girls school engulfed in flames, and the terrifying nightmare that follows the girls in the institution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the record: <\/strong>\u201cPeople from across the world want to learn about different people, and hear new stories. That makes me so happy, because here in Saudi Arabia, we still have lots of stories we want to tell to the world,\u201d its director Khalid Fahad told The National.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The age of the two men who are vying to become America\u2019s oldest-ever president is front <\/strong><strong>and center <\/strong>in the United States after a press conference on Thursday in which US President Joe Biden cleared, \u201cMy memory is fine.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biden mistakenly described Egyptian President Abdel Fattah El Sisi as the president of <\/strong><strong>Mexico<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=PCT-i-S_I98\" style=\"\" rel=\"noopener\">watch, runtime; 12:35<\/a>) at a press conference called to address claims in a special prosecutor\u2019s decision not to recommend Biden be charged with mishandling state secrets. The report said in part that Biden was a \u201csympathetic, well-meaning, elderly man with a poor memory\u201d who has \u201cdiminished faculties in advancing age.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both Biden and Trump have made high-profile gaffes in recent weeks. <\/strong>Biden has twice referred to recent conversations he\u2019s had with long-dead European leaders, while Trump has confused the leaders of Hungary and Turkey, said he defeated Barack Obama (not Hilary Clinton) for the presidency, and confused his primary challenger, Nikki Haley, with former house speaker Nancy Pelosi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It has all raised questions: <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/10\/us\/politics\/biden-trump-age.html\" style=\"\" rel=\"noopener\">How old is too old to be president?<\/a><\/strong>And while we\u2019re at it: <strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/10\/us\/politics\/biden-trump-aging.html\" style=\"\" rel=\"noopener\">Why is<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/10\/us\/politics\/biden-trump-aging.html\" style=\"\" rel=\"noopener\">the age question hurting Biden more than Trump?<\/a><\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.scmf.events\/\" style=\"\" rel=\"noopener\">Saudi Capital Market Forum<\/a><\/strong><strong> will open on Monday, 19 February<\/strong> and wrap up on Tuesday. Held under the theme \u201cPowering Growth,\u201d the event will bring together members of the global financial landscape for discussions on the capital markets and investment strategies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/biennale.org.sa\/contemporary-art-biennale-2024\/\" style=\"\" rel=\"noopener\">Diriyah Contemporary Art Biennale<\/a><\/strong><strong> will kick off in Diriyah on Tuesday, 20 <\/strong><strong>February <\/strong>and wrap up on Friday, 24 May. Headlined After Rain, it will be led by German curator Ute Meta Bauer and features 92 artists from 43 countries. It will see several new commissions, including a joint project documenting \u201cSaudi futurism\u201d since the 1940s by local artist Ahmed Mater and Berlin-based photographer Armin Linke. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/fii-institute.org\/\" style=\"\" rel=\"noopener\">Future Investment Initiative (FII)<\/a><\/strong><strong> will host a two-day priority summit in Miami <\/strong>starting Thursday, 22 February. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>annual <\/strong><strong>tech event <\/strong><strong><a target=\"_blank\" href=\"https:\/\/onegiantleap.com\/\" style=\"\" rel=\"noopener\">LEAP<\/a><\/strong><strong> will open in Riyadh on Monday, 4 March <\/strong>and continue through Thursday, 7 March. Dubbed the \u201cDigital Davos\u201d, the event will bring together the global tech industry for discussions on the future of technology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people. We hope you had a restful weekend full of family, friends, and good food. We have a weighty issue for you this morning with plenty of news from the Public Investment Fund, a report that three Bulge Bracket stalwarts are in line to quarterback a blockbuster share sale for Aramco, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[2698,202,10,995,2632,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83297","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-altice","tag-capital-market-authority","tag-enterpriseam-ksa","tag-from-the-ashes","tag-stc","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"863f3d04-f688-436e-9389-ab204ee39f7a","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: STC is still in the running for a piece of Altice in Portugal","related_issue":[83295],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.da112711-1871-4b43-a38a-7959bf30a47e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>STC is still in the running for a piece of Altice in Portugal - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/11\/stc-is-still-in-the-running-for-a-piece-of-altice-in-portugal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STC is still in the running for a piece of Altice in Portugal\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. We hope you had a restful weekend full of family, friends, and good food. 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We hope you had a restful weekend full of family, friends, and good food. 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