Investment Summary

RigNet Invests In Timas Munaicom TOO

On December 29, 2014, RigNet invested in communications company Timas Munaicom TOO

Investment Highlights
  • This is RigNet’s 4th transaction in the Communications sector.
  • This is RigNet’s 1st transaction in Kazakhstan.

Investment Summary

Date 2014-12-29
Target Timas Munaicom TOO
Sector Communications
Investor(s) RigNet
Deal Type Stake Purchase

Target

Timas Munaicom TOO

Almaty, Kazakhstan
Timas Munaicom TOO is an oilfield communications company.

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Investor(S) 1

Investor

RigNet

Houston, Texas, United States

Category Company
Founded 2000
Sector Communications
Revenue 243M USD (2019)
DESCRIPTION

RigNet, Inc. is a provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet was founded in 2000 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 10
Sector: Communications M&A 4 of 6
Type: Stake Purchase M&A Deals 1 of 1
Country: Kazakhstan M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Energy Broadband Business - Inmarsat

London, United Kingdom

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Orgtec S.A.P.I. de C.V

Monterrey, Mexico

Orgtec S.A.P.I. de C.V (dba TECNOR) is a provider of telecommunications solutions and services for remote sites on land, sea and air, including a wide array of equipment, voice and data services, satellite coverage and bandwidth options in Mexico.

Buy -