RigNet Signs Long-Term Contract Extension with Valaris
RIGNET (RNET)
Last rignet earnings: 5/7 04:20 pm
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Source: GlobeNewswire
RigNet has signed a multi-year contract extension with Valaris (formerly known as EnscoRowan)Provides Valaris with stable, highly reliable network to drive ongoing synergy savings Potential upside as deployment expands across the fleet and additional opportunities are identified HOUSTON, Aug. 07, 2019 (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the company), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has signed a multi-year agreement with Valaris plc (NYSE: VAL; formerly known as EnscoRowan plc), the world’s largest offshore driller with an offshore fleet that spans all continents. Under this agreement, RigNet will continue to provide Managed Communication Services including VSAT technology and RigNet’s Gulf of Mexico (GoM) 5GE network and the fleet-wide rollout of RigNet’s global multi-band LTE service. This agreement is in conjunction with other services currently provided to Valaris including RigNet’s Enhanced Cyber Services (E
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