Abstract

This article addresses the well-established topic of accelerated internationalisation. It analyses the FDI of non-Western capital into Europe through the entry of the regional giant Saudi Telecom Company into the multinational Telefónica and its implications for the global telecommunications system. The study is organised in three main sections that look at the nature and internationalisation of Saudi Telecom Company, the European STV market and finally the Telefónica case. It aims to broaden the terms of observation from direct investment to agreements and other forms of understanding. Keywords: Accelerated internationalization, telecommunications, foreign investments, Saudi Arabia Telecom, Telefónica.