Rumors of Alphabet Inc.’s GOOGLGoogle division’s plans to acquire Nokia’s airplane broadband business are doing the rounds. Flight passengers will have an access to high speed Wi-Fi service on board if the deal materializes.
Nokia’s in-flight internet business is based on LTE A2G cellular system which offers high speed internet services to flight passengers by creating a direct link between the aircraft and the ground.
The deal will help Google to expand its internet services portfolio. Moreover, the company will gain share in the in-flight internet services market.
Coming to the price performance, shares of Alphabet have returned 23.1% over a year, outperforming the industry’s rally of 11%.