Intelsat, currently in Chapter 11 bankruptcy reconstruction, is asking its bankruptcy court to formally approve two new satellites for broadband In-Flight Connectivity. The craft are needed following on from its $500 million purchase last year of the commercial aviation assets of Gogo. Intelsat wants to order the pair of satellites from Airbus Defence & Space […]
Satellite operator Intelsat has completed its acquisition of the Commercial Aviation business of Gogo, which it says creates the world’s leading provider of inflight broadband connectivity to the commercial aviation industry. The closing of the $400 million cash deal brings together two complementary enterprises — the world’s largest satellite operator with the leading provider of […]
In-Flight broadband business Gogo is proposing to shareholders that it should adopt a ‘poison pill’ defence as a protection against a hostile take-over bid. Gogo is willingly selling its Commercial Aviation division to Intelsat for $400 million, but Gogo will retain its lucrative Business Aviation division. The reason for the strategy is that Gogo has […]
In-Flight communications and broadband business, Gogo, says its directors have adopted a tax-efficient ‘Rights Plan’ to utilise and take its net operating loss forward. Gogo, which is in the process of selling its Commercial Aviation division to Intelsat for $400 million, says as at December 31st last year it had approximately $580 million of federal […]
In-Flight broadband specialist Gogo has lost a battle with the US Patent Office over a key patent claim. The patent in question (9312947) is held by SmartSky Networks and the dispute saw Gogo Business Aviation challenge the validity of the SmartSky patent and which covers terrestrial-based high-speed data communications on a mesh network. Gogo alleged […]
A major report on satellite operator SES from analysts at investment bank Berenberg is blunt and expresses doubt in the growth of its ‘Mobility’ division which the bank expects to suffer “materially” slower growth in its coming Q4 numbers and not aided by the pandemic hitting some of SES’s major clients (IFE operators Gogo and […]
Gogo, which is in the process of selling off its Commercial Aviation division to Intelsat, has secured a new – and significant – investor. Chicago-based GTCR, a private equity firm, is acquiring a 14.8 per cent stake in the company. “We welcome GTCR’s interest in Gogo and look forward to an ongoing and constructive dialogue […]
As rumoured, Intelsat is to buy the Commercial Aviation division of In-Flight broadband business Gogo. Intelsat will pay $400 million in cash for the asset. Gogo’s installed base has more than 3,000 commercial aircraft in use to redefine the connectivity experience. Gogo claims the world’s top spot in terms of in-flight connectivity. Major clients include […]
Intelsat, despite its Chapter 11 bankruptcy position, is looking to acquire a business. There are already market rumours that in-flight connectivity company Gogo is the target company. Intelsat, in its court documents, say: “The Debtors believe that, in order to remain competitive and to maximize their value as a go-forward enterprise, they must be able […]
Unconfirmed reports say that satellite giant Intelsat – despite being in Chapter 11 bankruptcy – is looking to buy the commercial aviation portion of in-flight connectivity specialist Gogo. Gogo announced a few weeks ago that it was looking to sell its commercial aviation division. Gogo said it would retain its private aviation business. Gogo’s share […]