|This Slide: #71 of 100|
Slide #71. RigNet, Inc. — Inmarsat's Energy Broadband Business
RigNet, Inc. (NASDAQ:RNET)
Inmarsat's Energy Broadband Business
RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions to the oil and gas industry, today announced a strategic deal with Inmarsat plc (LSE:ISAT), the leading provider of global mobile satellite services (MSS), involving the sale of Inmarsat's Energy Broadband business to RigNet and the appointment of RigNet to become a key distribution partner to deliver Inmarsat's Global Xpress ("GX") and 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 »
Hold (2.00 out of 4)