Regulator gives GTA TeleGuam transaction the green light

22 Feb 2011

The Guam Public Utilities Commission (PUC) has approved the sale of telecoms operator GTA TeleGuam to Japanese private equity firm Advantage Partners, Pacific Daily News reports. The deal, first announced in November 2010, must also receive approval from the US telecom regulator, the Federal Communications Commission (FCC), before it can go ahead. If approved, Advantage will purchase the operator for an undisclosed amount from California-based Shamrock Capital Advisors. ‘We appreciate the Public Utilities Commission’s diligent review and approval of this transaction,’ said Daniel Tydingco, executive vice president of external and legal affairs for GTA TeleGuam, adding: ‘This transaction is good for all stakeholders including investors, customers, employees, and the island of Guam. Our new financial backers intend to retain all employees and management team and operate with business as usual.’ GTA TeleGuam provides a number of communications services on the island of Guam, including local and long-distance telephony, 3G wireless telephony, DSL internet access and IPTV.