Morten Hagland Hansen, the Vice President of Business Services of RigNet, Inc. (RNET), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - January 24, 2014 - The Wall Street Transcript has just published its Wireless Communications & Telecom Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: 4G Infrastructure Capital Expenditures - Tower Cell Splitting - Global Wireless Spectrum Allocation - Consolidation of Components - Integrated Wireless Platforms - Increased Competition in Wireless Space - Next Phase of 4G Buildout - New Site Leasing Activity

Companies include: RigNet, Inc. (RNET) and many more.

In the following excerpt from the Wireless Communications & Telecom Report, the Vice President of Business Services of RigNet, Inc. (RNET) discusses company strategy and the outlook for this vital industry:

TWST: You provide communication services to the oil and gas industry, but what does that mean? What do you provide?

Mr. Hansen: Since the startup of the service we have provided managed communication services for the oil and gas industry. Initially the focus was on offshore drilling rigs, providing a unified solution on the rigs and taking the old rigs into the new century of digitalization and IT. The other focus was to provide the whole group of tenants on the rig with solutions aimed at allowing them to identify the most efficient methods of discovering oil. Those were some of the initial thoughts behind it when the company was started back in 2000.

TWST: What about now? Is that still your primary focus?

Mr. Hansen: Since that time we have grown, and we are growing into more areas of upstream energy communications. We are still offering those communications services, but we are providing them to a larger number of clients. We are now not only on offshore rigs but also on platforms, energy maritime vessels and remote offices associated with the oilfield industry.

TWST: In providing the communications services, what technology do you use? Do you use satellite?

Mr. Hansen: We use mostly satellites, because that is what is readily available in the great majority of the remote locations where we provide services to our customers. But we do also have several sites using 4G LTE services onshore here in the U.S., and we also use microwave links to some sites from platforms that are connected to fiber networks and from onshore communication towers. So we are not bound to the sole use of satellite technology; we use what is available and what is best for our customers.

The solution depends on where the client is and what conditions they operate in. We are not a big bricks-and-mortar company that does things like build teleports and data centers; we buy the services from companies like Intelsat, Arqiva, CyrusOne and others. The focus remains on providing services to our customers in the field and providing solutions that help them with their daily needs.

TWST: Are you seeing changes in the needs of your customers?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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