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Communications Services M&A image Communications Services M&A » By The Online Investor Staff, updated Tue., Mar. 9, 3:18 AM Recent mergers and acquisitions in the Communications Services M&A category.

Slide #25. RigNet Inmarsat's Energy Broadband Business

Acquirer: RigNet (NASDAQ:RNET)
Acquiree: Inmarsat's Energy Broadband Business
Details: RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions to the oil and gas industry, today announced that it has completed a strategic transaction with Inmarsat plc (LSE:ISAT.L), the leading provider of global mobile satellite services (MSS), involving the sale of substantially all of Inmarsat's Energy Broadband business to RigNet and the appointment of RigNet as a Value Added Reseller of Inmarsat's Global Xpress (GX) service and as a Distribution Partner for Inmarsat's L-band services to the energy sector worldwide.

RigNet a global technology company that provides customized data and communications services. Co.'s segments are: Managed Communications Services, which provides remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites; Applications and Internet-of-Things, which provides applications over-the-top of the network layer including Software as a Service offerings such as a real-time machine learning and AI data platform, Cyphre® Encryption, and cybersecurity services; and Systems Integration, which provides design and implementation services for customer telecommunications systems.

Open the RNET Page at The Online Investor »

Company Name: 
RigNet Inc
Website: 
www.rig.net
Sector: 
Communications Services
Number of ETFs Holding RNET: 
3
Total Market Value Held by ETFs: 
$7.47M
Total Market Capitalization: 
$186.00M
% of Market Cap. Held by ETFs: 
4.02%
 

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Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
RNET Stock Forecast

Based on Zacks ABR data;
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