Connectivity firm Intelsat the largest global provider of in-flight broadband connectivity, Gogo, in a deal worth $400 million.
The transaction pairs Intelsat’s its high-capacity global satellite and ground network with Gogo’s installed base of more than 3,000 commercial aircraft.
Gogo’s commercial aviation business provides Intelsat with key airline relationships and customer-facing capabilities, including a leading software platform, ISP and network management infrastructure. It currently serves 21 commercial airlines, including nine of the top 20 global carriers.
Passengers will benefit from an enhanced in-flight connectivity experience that delivers fast and reliable video streaming, browsing and cloud-based applications from gate to gate, the companies said in statement.
“Consumer demand for in-flight connectivity is expected to grow at a double-digit rate over the next decade, notwithstanding the impact of Covid-19,” said Stephen Spengler Intelsat’s CEO. “The addition of Gogo’s commercial aviation business provides compelling strategic value for our stakeholders and makes strong commercial sense.”
“Gogo’s business is a perfect fit with Intelsat’s expansive satellite network and infrastructure due to the breadth of Gogo’s technological solutions, global reach and operational excellence.”