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 broadband hardware and service provider Viasat Inc. in a $222-million, all-stock transaction announced in December — https://bit.ly/2WxqBbg — said its core Mobile Communications Services . . .
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