RigNet and LandTel Announce Merger

RigNet, Inc.

RigNet, Inc. and LandTel Communications have merged. The merger creates what is believed to be the largest dedicated oilfield communications company in the world.

"Our alliance with RigNet will give us access to RigNet's superior network and infrastructure and strengthen our presence and capability in North America, while simultaneously enhancing our product line," said Les Babin, president, LandTel Communications. "We will be able to leverage each other's strengths and provide our respective customers with the very best experience and highest level of customer service possible."

"This great partnership with LandTel provides us with an opportunity to offer an expanded level of products and services to our customers," said Omar Kulbrandstad, chief executive officer, RigNet, Inc. "Working together, we can provide an exceptionally powerful communications solution and the highest level of value and service for our customers. LandTel's strong reputation for customer service in the call-out market, coupled with our strength in the fixed-installation markets, offers customers a choice of service approaches, both with best-in-class service. Our combined capabilities will enhance our growth prospects and will dramatically increase our position in the upstream oil and gas market."