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Intelsat buys Gogo commercial aviation ops for USD 400 mln in cash

2020-09-01 09:02:00| Telecompaper Headlines

(Telecompaper) Satellite operator Intelsat has signed a definitive agreement to buy the commercial aviation business of Gogo for USD 400 million in cash, subject to the usual adjustments. Gogo said it started looking for buyers earlier this month, after reporting a 55 percent drop in revenues for the second quarter. 

Tags: commercial cash usd aviation

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