The deal is likely to value the American communications software manufacturer at about $3 billion, according to Reuters.
The sources stated, “Aramco Digital“There are talks to invest about $1 billion in Mavenir, and the deal is likely to be signed before the end of the year, but they cautioned that the deal is not guaranteed.
The sources, who requested anonymity due to the confidentiality of the talks, said that Mavenir is working with the investment bank “Evercore” in its talks with… Aramco Digital.
The Aramco Digital deal will be its first major deal in the telecommunications sector as part of the Kingdom’s Vision 2030 plan, which focuses on technological advancement and economic diversification.
