{
Gogo Inc.

Companies

}
001122334455554433221100
001122334455554433221100
Symbol GOGO
Name Gogo Inc.
Currency USD
Sector Communication Services
IndustryGroup Telecommunication Services
Industry Diversified Telecommunication Services
Market NASDAQ Global Select
Country United States
State IL
City Chicago
Zipcode 60606
Website http://www.gogoair.com
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Gogo acquires Satcom Direct to enhance competition against Starlink in aviation

Gogo is acquiring inflight connectivity competitor Satcom Direct for $375 million in cash and shares, with potential performance-related payments bringing the total to $636 million. This strategic move aims to counter SpaceX's Starlink, which poses a significant threat to the satellite connectivity market. The merger will enhance Gogo's market presence, particularly in international business aviation, as both companies currently provide Wi-Fi to nearly 90% of business jets equipped with connectivity.
SpaceNews
United States Dollar Gilat Satellite Networks Ltd. Gogo Inc. Air France-KLM SA SpaceX Viasat, Inc. Satcom Direct Inc. Hughes 2000 Trust SmartSky Oneweb plc Intelsat Stellar Blu Eutelsat Group SES S.A. FRA ISR USA Louie DiPalma Oakleigh Thorne Vishal Patil Show more
Finance & Economy, Market Report
23:54 30.09.2024
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