Gogo Pops on Prospects for In-Flight Mobile Phone Calls

NEW YORK (TheStreet) -- Gogo (GOGO) was jumping 6.3% to $29.39 in afternoon trading on speculation the Federal Communications Commission will allow in-flight cell-phone calls.

Steve Nolan, Gogo's communications director, in a phone interview, said the decision was more about picocells being added to the airplanes than anything to do with Gogo's technology. Gogo's technology doesn't rely on picocells which are small cellular-stations used extend coverage and add network capacity.

Gogo, which provides in-flight Internet connectivity, recently launched a new app that would by-pass this technology allowing customers to text and talk on a plane. Nolan declined to comment on why shares were rising.

--Written by Chris Ciaccia in New York

>Contact by Email.

More from Technology

AMD's Newest Desktop Processors Measure Up Well Against Intel

AMD's Newest Desktop Processors Measure Up Well Against Intel

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Semiconductor ETF Experiences Second Day of Declines

Semiconductor ETF Experiences Second Day of Declines

Should Tesla Nominate a New CEO Not Named Elon Musk?

Should Tesla Nominate a New CEO Not Named Elon Musk?

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists