Editorial: El Mundo

• The Government announced the creation of the Spanish Society for Technological Transformation (SETT), but its functions, composition or funding sources are unknown.
• There are doubts about whether this new public company will replace SEPI in telecommunications sector investments and whether there is a risk of intervention in Telefonica.
• It was not clarified whether the Government will use SETT to acquire 10% of Telefonica after the entry of Saudi capital.
• SETT will mobilize up to 20 billion euros in this sector, but it was not confirmed if these funds will come from European funds.

Conclusion: The uncertainty surrounding SETT and its role in digital transformation raises concerns about potential state interventions in private companies and about the effectiveness of state funding rather than solid support for technology companies.

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