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The Saudi Telecom Company (STC) has bought a 9.9% stake in Telefónica for €2.1 billion, becoming the largest shareholder in the Spanish telecommunications company.

Sky for the UK, RTS for Switzerland, Telefonica for Spain, MTVA for Hungary, CANAL+ Polska for Poland and RTBF for French-speaking Belgium have picked up the title.

The Spanish-language network for telenovelas and drama series will be accessible to Telefónica subscribers access to  the network on the CATV Estándar package, as well as the Estelar package (channel 29).

The companies announced that they received authorization from Carlos Alvarado Quesada, President of Costa Rica.

The sales, which include broadcasters such as Rogers in Canada, Turner in LATAM, and Telefonica in France, among others, were unveiled by Alfred Haber. The award show will air live on 14th March on CBS Television Network.