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Intelsat acquired the commercial aviation division of IFC provider Gogo in 2020.
Intelsat acquired Gogo Commercial Aviation in December 2020.
Intelsat closed its $400,000,000 acquisition of Gogo’s commercial aviation business on 2020-12-01.
Gogo sold the commercial aviation part of its company to Intelsat for $400,000,000.
Intelsat acquired part of in-flight connectivity provider Gogo while Chapter 11 obstacles were present.
Intelsat acquired Gogo’s Commercial Aviation business as part of its investment into the service business.
Intelsat acquired Gogo's in-flight connectivity business as part of its consolidation efforts.
Intelsat acquired Gogo Commercial Aviation in September for $400,000,000.
Intelsat announced plans in September to purchase Gogo’s Commercial Aviation in-flight connectivity business.
Intelsat has vertically integrated into the in-flight connectivity business following its acquisition of Gogo.
The acquisitions of Bigblu Broadband by Eutelsat in July 2020 and Gogo by Intelsat in September 2020 highlight the trend of vertical integration in the FSS industry.
Intelsat is proceeding with a Chapter 11 restructuring while acquiring Gogo’s commercial aviation business and contracting for new satellites and ground equipment as part of the C-band spectrum clearing process.
Intelsat plans to acquire the commercial aviation business of Gogo, an inflight Wi-Fi provider that competes with Viasat.
Gogo will use proceeds from the sale of its Commercial Aviation business to pay down debt and invest in growth opportunities such as 0.005 kg for aircraft.
Intelsat is purchasing Gogo’s Commercial Aviation business for $400,000,000.
Intelsat received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia on 2020-08-31 to proceed with buying Gogo’s Commercial Aviation business.
Gogo provided roughly 260 air-to-ground towers that will be available exclusively to Intelsat for commercial aviation customers for 10 years as part of the acquisition.
Gogo reported $135,500,000 in revenue from its Commercial Aviation business in 2019.
Gogo’s Commercial Aviation business reported a $37,300,000 loss for April, May, and June, including a $26,700,000 international loss and a $10,600,000 domestic loss.
Gogo renegotiated satellite capacity contracts in March 2020 to align with reduced travel.