STOCK TITAN

Gogo's Nationwide 5G Network Now Being Deployed

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Gogo Business Aviation (NASDAQ: GOGO) has successfully completed the construction of its seven-tower 5G testbed by December 31, 2021, on time and within budget. This testbed will facilitate testing for Gogo's upcoming nationwide 150-tower network, aimed to be launched in the second half of 2022. The Gogo 5G service is projected to deliver average speeds of 25 Mbps with peaks reaching up to 80 Mbps. Additionally, the company announced Duncan Aviation is working on certifications for the onboard 5G system, with strong demand noted from its OEM partners.

Positive
  • Completion of 5G testbed on schedule and budget.
  • Gogo 5G expected to deliver average speeds of 25 Mbps, with peaks up to 80 Mbps.
  • Strong demand for Gogo 5G from OEM and dealer partners.
Negative
  • None.

BROOMFIELD, Colo., Jan. 4, 2022 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) announced that it completed construction of its seven-tower 5G testbed by Dec. 31, 2021, on schedule, and on budget.

"These seven sites will serve as a testbed for our 150-tower nationwide network," said Mike Rupert, vice president of network operations for Gogo Business Aviation. "The testbed includes sites in both remote and populated locations in order to validate the network is operating as designed in all types of environments."

Additional sites will be completed at a rapid pace throughout the first half of 2022 and Gogo remains on track to launch 5G in the second half of 2022.

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.

"I'm proud of our team for completing this major milestone," said Dave Glenn, senior vice president of customer operations. "We'll now begin testing and finetuning our network performance, including tower-to-tower handoffs, range, and coverage."

In November, Gogo announced that Duncan Aviation is working to complete the first-article Supplemental Type Certification (STC) for the onboard 5G system. Duncan will use the experience and data from certifying the first article to modify all of its full-equipment Gogo AVANCE L5 STCs to include Gogo 5G, covering more than 30 aircraft models.

Gogo also announced Jet Edge as its launch customer in October.

"We're seeing strong demand from our OEM and dealer partners for Gogo 5G," Glenn added. "And we are confident that our customers will be delighted by its performance."

About Gogo
Gogo is the world's largest provider of broadband connectivity services to 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 Sept. 30, 2021, Gogo reported 2,237 business aircraft flying with Gogo's AVANCE L5 or L3 system installed, 6,154 aircraft flying with its ATG systems onboard, and 4,542 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 December 31, 2020 as filed with the Securities and Exchange Commission ("SEC") on March 11, 2021 and our quarterly reports on Form 10-Q as filed with the SEC on May 6, 2021 and August 5, 2021.

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   

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/gogos-nationwide-5g-network-now-being-deployed-301453255.html

SOURCE Gogo Business Aviation

FAQ

What is Gogo's recent announcement about its 5G network?

Gogo announced the completion of its seven-tower 5G testbed by December 31, 2021, a key milestone for its nationwide network.

When will Gogo launch its 5G service?

Gogo plans to launch its 5G service in the second half of 2022.

What speeds can Gogo's 5G service provide?

Gogo's 5G service is expected to deliver average speeds of 25 Mbps and peak speeds of 75-80 Mbps.

Who is working on Gogo's onboard 5G system certification?

Duncan Aviation is working on the Supplemental Type Certification for Gogo's onboard 5G system.

What is the significance of Gogo's seven-tower 5G testbed?

The testbed will validate the performance of the 150-tower nationwide network in various environments.

Gogo Inc.

NASDAQ:GOGO

GOGO Rankings

GOGO Latest News

GOGO Stock Data

995.88M
66.55M
28.19%
73.28%
15.17%
Telecom Services
Communications Services, Nec
Link
United States of America
BROOMFIELD