Global Eagle Entertainment CEO Dave Davis said his company is paying 50 percent less per megahertz buy purchasing an aging satellite rather than leasing capacity. The total cost will depend on the actual remaining in-service life of the satellite. Credit: GEE
PARIS — Airline and maritime satellite connectivity provider Global Eagle Entertainment (GEE), in a move likely to put further pressure on satellite transponder prices, has purchased the entire capacity on an aging satellite to be operated in inclined orbit over North America.
Los Angeles-based GEE is spending $50 million for the satellite, which will be used to buttress . . .
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