Intelsat announced the finalization of the acquisition of Gogo Commercial Aviation on Tuesday, December 1. The $400 million deal adds Gogo, a frontrunner in the inflight entertainment sector, to Intelsat’s list of subsidiaries.
“Combining Intelsat’s next-generation global telecommunications network with Gogo Commercial Aviation’s leading capabilities and airline relationships will create unprecedented innovation in inflight digital connectivity, unlocking exciting new growth and brand loyalty opportunities across the airline industry,” said Intelsat Chief Executive Stephen Spengler.
This acquisition moves the satellite technology giant further into the commercial aviation broadband market, which is expected to grow rapidly over the next decade, according to Intelsat. The company reports the expansion of its services to now include providing broadband for nine of the top 20 global airlines and an installed base of over 3,000 aircraft.
Leadership changes announced along with the deal include John Wade continuing his role as president of Gogo Commercial Aviation, Bruno Fromont serving as Intelsat’s Chief Technology Officer and Jon Cobin, a former Gogo executive, selected as Intelsat’s Chief Strategy Officer.
“We remain committed to long-term success in broadband mobility services. With Gogo Commercial Aviation, we will bring our complementary and collective expertise to help solve our customers’ toughest inflight connectivity and entertainment challenges,” said Spengler. “Our ability to initiate, execute and rapidly finalize this transaction demonstrates the forward momentum that Intelsat has maintained over the course of this year.”
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