RigNet: Energy-sector satellite service provider RigNet, on eve of Viasat purchase, reports 14% decline in 2020 revenue

PARIS - Offshore energy platform communications provider RigNet Inc. reported a 14% decline in revenue and a 19% drop in adjusted EBITDA in 2020 and said the drop in satellite bandwidth costs, which is likely to continue, will not necessarily be good news for the company. Houston, Texas-based RigNet, which is being purchased by satellite [...] The post Energy-sector satellite service provider RigNet, on eve of Viasat purchase, reports 14% decline in 2020 revenue appeared first on Space Intel Report.