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Communications Services M&A image Communications Services M&A » By The Online Investor Staff, updated Fri., Mar. 29, 2:59 AM Recent mergers and acquisitions in the Communications Services M&A category.

Slide #25. RigNet Inmarsat's Energy Broadband Business

Acquirer: RigNet (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.

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Company Name: 
RigNet Inc
Website: 
www.rig.net
Sector: 
Communications Services
 

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

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