Saudi Aramco’s Digital Arm in Talks to Invest $1 Billion in U.S. Telecom Company Mavenir
Aramco Digital, Saudi Aramcos digital division, is negotiating a $1 billion investment for a sizable minority position in Mavenir, a U.S.based provide
Aramco Digital, Saudi Aramcos digital division, is negotiating a $1 billion investment for a sizable minority position in Mavenir, a U.S.based provider of telecom software. Aiming to diversify its economy and invest in technology, Saudi Arabias Vision 2030 strategy includes this deal, which could value Mavenir at over $3 billion. Costeffective mobile network solutions are promised by Mavenirs groundbreaking work with Open Radio Access Network Open RAN technology, which is discussed. The possible investment from Aramco Digital would also involve a $200 million joint venture for regional technological development. To solidify its position in developing 5G and 6G networks, Aramco is making its first significant move in the telecom sector.
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B2B Tech News | 2 months ago