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00:00 After the acquisition of the Saudi Telecommunications Company and the following of the General Investment Fund,
00:04 10% of the Spanish Telefunica Telecommunications Company took a new step towards expanding its investments in the Western world.
00:15 Recently, it acquired 10% of Heathrow Airport in London, the second largest airport in the world, and accommodates about 67 million passengers annually.
00:25 The General Investment Fund acquired this share after the Spanish Telefunica Company agreed to sell its 35% share worth 2.3 billion pounds.
00:37 15% was acquired by the French company Ardenna and 10% by the General Investment Fund.
00:43 The airport has reached 58 million passengers in 2022 and is expected to have fewer passengers in 2023 than its previous levels,
00:52 but it is higher than the passengers in 2022.
00:56 It is mentioned that one of the most prominent investors in Heathrow Airport is Qatar Investment Fund with a 20% stake in Almea.
01:03 Heathrow Airport was able to reduce losses in the first nine months of 2023, but it is still burdened with debts worth 14 billion pounds.