Gogo To Acquire 1 Megahertz Spectrum From LiveTV

Gogo was one of the first companies in the market for in-flight broadband and digital entertainment. The company is very popular with people that fly on aircraft all around the world today. Gogo allows them to connect to the web and continue work and play during long flights. The company has announced that it is set to acquire new wireless spectrum that will allow it to expand its service.

Gogo will acquire new 1 MHz spectrum license that is held by LiveTV currently. The new spectrum will be used to supplement the company's existing 3 MHz license and will enhance its air to ground network. LiveTV and Gogo have reached agreement on acquisition, but the deal still needs FCC approval and is undergoing review right now.

If granted FCC approval, the acquisition will close later this year. Along with the 1 MHz license, Gogo will also acquire all the network infrastructure and back-office operational assets of Airfone. Gogo plans to continue operating Airfone if the acquisition goes through.

"In many ways, Gogo has continued to expand its Air-to-Ground network and will soon launch ATG-4, which is expected to significantly improve capacity," said Gogo's president and CEO Michael Small. "Acquiring the 1 MHz spectrum license from LiveTV will play an integral role in our continued expansion activities and help us deliver a performance boost for end users."