DragonWave strikes backhaul supply deal with Gogo, shares fly higher

|About: DragonWave Inc. (DRWI)|By:, SA News Editor

Top in-flight Wi-Fi service provider Gogo has hired DragonWave (DRWI +18.2%) to supply it with its Horizon Quantum and Compact+ mobile backhaul radios. The radios will be used to link Gogo's remote towers to wireline networks. The deal builds upon an existing supply relationship between the companies. (PR)

DragonWave's shares soared last week after the company announced a partnership with Chinese wireless infrastructure firm Xi'an Potevio. They continue to trade well below their 2010/2011 levels.