Gogo to Acquire Airfone for In-Flight Spectrum Boost

In-flight Wi-Fi company Gogo announced Monday it will purchase the Airfone radiotelephone service unit from Jet Blue LiveTV LLC, bagging Gogo a 1 MHz spectrum license. The acquisition adds to its existing 3 MHz license, for which Gogo beat out JetBlue in an auction in 2006. Gogo filed its S-1 in December with plans to raise up to $100 million in its eventual IPO.