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Intelsat buys Gogo commercial aviation ops for USD 400 mln in cash

Tuesday 1 September 2020 | 09:02 CET | News
Update: 1 September 2020 | 11:15 CET
Satellite operator Intelsat has signed a definitive agreement to buy the commercial aviation business of Gogo for USD 400 million in cash, subject to the usual adjustments. Gogo said it started looking for buyers earlier this month, after reporting a 55 percent drop in revenues for the second quarter. Intelsat will operate the acquired business  as an independent unit based in Chicago and led by current CA president John Wade.

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[01/09/2020 11:15- Update: adds CA executive details, contract information]


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Categories: Internet / Broadcast & Satellite
Companies: Gogo / Intelsat
Countries: World
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