Intelsat to acquire Gogo’s commercial aviation business for $400M

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Intelsat has entered into a definitive agreement to acquire the commercial aviation business of Gogo, a provider of in-flight broadband connectivity, for $400 million.

The transaction pairs Intelsat’s high-capacity global satellite and ground network with Gogo’s installed base of more than 3,000 commercial aircraft, the companies said in a statement.

Gogo’s commercial aviation business provides Intelsat with airline relationships and customer-facing capabilities, including a software platform, ISP and network management infrastructure, said Intelsat in a statement. Gogo currently serves 21 commercial airlines.

The transaction is expected to close before the end of the first quarter of 2021, subject to regulatory approvals and other customary closing conditions.

PJT Partners served as financial advisor and Kirkland & Ellis served as legal counsel to Intelsat. Alvarez & Marsal advised Intelsat on accounting, operational and tax matters related to the transaction. Altman Solon served as commercial advisor.

[Image courtesy: Gogo]