AT&T has nixed an ambitious plan to roll out wireless Internet on board commercial flights, choosing instead to refocus its investments on international markets and video services, the carrier said Monday.
The move comes as AT&T is in the process of buying Mexican operator Iusacell for $1.7 billion and satellite broadcasting service DirecTV for $48.5 billion. Those deals are subject to Mexican and American regulators, respectively.
“After a thorough review of our investment portfolio, the company decided to no longer pursue entry into the in-flight connectivity industry,” an AT&T spokesman said in a statement to Reuters.
AT&T unveiled its plan to offer 4G LTE-based connections in April, putting it in direct competition with existing in-flight service provider Gogo Inc. Shares on Gogo Inc. climbed 10% on news of AT&T’s decision to bow out of the market.
[Reuters]
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