Saudi Aramco's digital division is said to be in talks to purchase a significant minority stake in Mavenir, a telecommunications software company based in the United States. The potential investment is expected to value Mavenir at around $3 billion, according to sources familiar with the discussions.
This move highlights Saudi Aramco's strategy to expand its presence in the technology sector, particularly in telecommunications, as it aims to diversify its business beyond oil. If the deal is completed, it could strengthen Mavenir's position and capabilities in the competitive telecommunications software market.