Gogo's Nationwide 5G Network Construction Halfway Complete

Rhea-AI Summary

Gogo Business Aviation (NASDAQ: GOGO) announced that its nationwide 5G network construction is now halfway complete, with the 75th site operational. The project remains on budget and is expected to launch in the second half of 2022. Gogo 5G aims to provide average speeds of ~25 Mbps, with peaks of 75-80 Mbps, catering to data-heavy services like video conferencing. The AVANCE platform will support future upgrades to Gogo 5G and Low-Earth Orbit (LEO) satellite connectivity. Gogo is collaborating with Duncan Aviation for Supplemental Type Certification for its onboard 5G hardware.

Positive

• Halfway completion of the 5G network with the 75th site online.
• Project remains on budget and on schedule for a second-half 2022 launch.
• Expected average speeds of ~25 Mbps and peaks of 75-80 Mbps will improve service.
• AVANCE platform allows future upgrades to both 5G and LEO satellite connectivity.

Negative

• None.

BROOMFIELD, Colo., July 22, 2022 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) nationwide 5G network construction is halfway to completion with the 75^th site now online. Gogo 5G remains on budget and on schedule to launch in the second half of 2022.

"Getting to the 50% mark for our 150-tower 5G nationwide network in a matter of months is an incredible accomplishment by our team," said Mike Rupert, vice president of network operations for Gogo Business Aviation. "We have a team of network experts that has been working hard to bring the 5G network to life, building sites across the country, and that work will continue into the fall."

Gogo has been regularly updating the market on its 5G network build progress with a deployment map on its website: https://business.gogoair.com/gogo-5g/. 

"We've been testing our network and we're pleased with the results we're seeing," said Dave Glenn, senior vice president of customer operations. "Gogo 5G is going to deliver on everything we've promised to the market."

Gogo 5G is expected to deliver ~25 Mbps on average with peak speeds in the 75-80 Mbps range and has been designed to deliver high throughput with very low latency to address the increasing demand for data-heavy interactive services like video conferencing.

Gogo's AVANCE platform, with its multi-bearer capability and software-centric design, allows customers to future-proof their inflight connectivity investments, with easy upgrade paths to both Gogo 5G and to Gogo's global Low-Earth Orbit (LEO) satellite-based product in the future.

Gogo is working with Duncan Aviation to complete the first-article Supplemental Type Certification (STC) for the onboard 5G system hardware along with STCs that will cover more than 30 aircraft models. Additional STCs are being developed by several other Gogo authorized dealers, and at the factory by business aviation aircraft manufacturers.

About Gogo

Gogo is the world's largest provider of broadband connectivity services for the business aviation market. We offer a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment and voice solutions. Gogo's products and services are installed on thousands of business aircraft of all sizes and mission types from turboprops to the largest global jets, and are utilized by the largest fractional ownership operators, charter operators, corporate flight departments and individuals.

As of March 31, 2022, there were 2,699 business aircraft flying with Gogo's AVANCE L5 or L3 system installed, 6,526 aircraft flying with its ATG systems onboard, and 4,522 aircraft with narrowband satellite connectivity installed. Connect with us at business.gogoair.com.

Cautionary Note Regarding Forward-Looking Statements

Certain disclosures in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include, without limitation, statements regarding our business outlook, industry, business strategy, plans, goals and expectations concerning our market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words "anticipate," "assume," "believe," "budget," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release.

Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, our ability to effectively evaluate and pursue strategic opportunities.

Additional information concerning these and other factors can be found under the caption "Risk Factors" in our annual report on Form 10-K for the year ended Dec. 31, 2021 as filed with the Securities and Exchange Commission ("SEC") on March 3, 2022, and in our quarterly report on Form 10-Q as filed with the SEC on May 5, 2022.

Any one of these factors or a combination of these factors could materially affect our financial condition or future results of operations and could influence whether any forward-looking statements contained in this report ultimately prove to be accurate. Our forward-looking statements are not guarantees of future performance, and you should not place undue reliance on them. All forward-looking statements speak only as of the date made and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Relations Contact:	Investor Relations Contact:
Dave Mellin	William Davis
+1 720-840-4788	+1 312-517-5725
dmellin@gogoair.com	wdavis@gogoair.com

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SOURCE Gogo Business Aviation

FAQ

What is the current status of Gogo's 5G network as of July 2022?

Gogo's nationwide 5G network construction is halfway complete, with 75 sites operational and on schedule to launch in the second half of 2022.

What speeds can Gogo's 5G network deliver?

Gogo's 5G network is expected to deliver an average of ~25 Mbps, with peak speeds ranging from 75 to 80 Mbps.

How is Gogo's AVANCE platform relevant to the 5G network?

The AVANCE platform offers multi-bearer capability, allowing easy upgrades to Gogo's 5G network and future LEO satellite connectivity.

Who is Gogo working with for 5G system hardware certification?

Gogo is collaborating with Duncan Aviation to complete the Supplemental Type Certification for its onboard 5G system hardware.