Gogo hits near 2-year high after successful 5G call

GCT Semiconductor Holding

18/06/2025 15:33

** Shares of In-flight internet provider Gogo GOGO.O up 19.6% at $14.99 on Weds after co says GCT Semiconductor GCTS.N successfully completed first end-to-end call using its next-gen 5G technology

** GOGO shares hit highest since Aug 2023

** Broomfield, Colorado-based firm early Weds said the call took place on Mon, and confirms its 5G chip is fully functional and ready to move through final integration phases

** Milestone represents critical stage toward delivering 5G air-to-ground connectivity to North American operators, co says

** Upon completion of final trials and documentation, co says will be ready to ship the 5G solution to its maintenance, repair and overhaul network for installation

** With move on the session, GOGO shares up 85% YTD

** Short interest in GOGO's shares currently stand at ~28% of public float, LSEG data shows

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))