IFC provider Gogo expects investors, no longer considering sale

IFC provider Gogo, which was once considering selling or splitting up the company, now expects to close on a large investment this year as it eyes major growth—a dramatic turnaround for a company seemingly on the brink of collapse just last summer. Gogo expects to close a round of funding from strategic and financial investors by early May, on better terms than a round of debt and credit financing the company closed late last year during unfavorable debt market conditions, CE and president Oakleigh Thorne said. What is more, selling a division or more of the company now appears unlikely. “Over time, we continue to believe that the IFC industry would benefit from consolidation and we would like to play a role in that consolidation from a position of strength.” <br/>