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Gogo sells commercial in-flight WiFi business to Intelsat

• t3rabytes 6y ago
  > As part of the transaction, Gogo will enter into a 10-year network services agreement under which Intelsat will have exclusive access to Gogo ATG services for the CA market in North America, subject to minimum revenue guarantees of $177.5 million. Interesting approach here, seems to just be offloading the service to Intelsat only to have a rev guarantee which would make the sale profitable with a pretty quick turnaround.