Data transmission system for a downhole component

A transmission line network system for transmitting and/or receiving data from a downhole tool. The invention is achieved by providing one or more transceiving elements, preferably rings, at either end of a downhole tool. A conduit containing a coaxial cable capable of communicating an electrical signal is attached to the transceiving element and extends through a central bore of the downhole tool and through the central bore of any tool intermediate the first transceiving element and a second transceiving element. Upon receiving an electrical signal from the cable, the second transceiving element may convert such signal to a magnetic field. The magnetic field may be detected by a third transceiving element in close proximity to the second transceiving element. In this manner, many different tools may be included in a downhole transmission network without requiring substantial modification, if any, of any particular tool.