UPDATE 2-Gogo revenue jumps as more users access in-flight Internet
* 1st-qtr rev $95.7 mln vs est $94 mln
* 1st-qtr adj loss/shr $0.20 vs est $0.25
* Shares rise as much as 10.6 pct (Adds details, updates shares)
By Soham Chatterjee
May 12 (Reuters) - Gogo Inc reported a higher-than-expected 35 percent jump in quarterly revenue, as more flyers used its in-flight wireless internet services, and brushed away concerns about rival services from AT&T Inc.
Shares of Gogo, which provides wi-fi in aeroplanes largely via mobile-network technology in the United States, rose nearly 11 percent on Monday morning.
The company's stock lost a third of their value through Friday after telecom giant AT&T said late last month that it would launch a competing service.
Gogo, which is trying to shift to a faster satellite-based system, said its technology was ahead of the 4G LTE platform that AT&T proposed to use.
"Our next-generation solutions... will be faster and flying sooner than AT&T's proposed solutions," Gogo Chief Executive Michael Small said on a post-earnings conference call. Continued...