Telkom Indonesia agrees to acquire Guam-based GTA

1 Jun 2015

PT Telekomunikasi Indonesia (Telkom) has reached a definitive agreement to acquire Guam-based full-service telecoms operator GTA from funds serviced by Japanese private equity firm Advantage Partners. Under the terms of the transaction, Telkom USA (established in December 2013 as an international operation arm of Telkom) will acquire GTA’s parent company TeleGuam Holdings, subject to approval from regulators in Guam and the US. ‘After ten years of private-equity ownership, I believe this is a good time to transition the company to a successful international telecommunications firm such as Telkom,’ commented GTA’s CEO and president Robert Haulbrook, adding: ‘Since our privatisation in 2005, employees have successfully transformed GTA into a rapidly growing company with a reputation for excellence in landline, mobile and internet products. They brought new services for Guam customers, including the launch of 3G and 4G LTE networks, the Apple iPhone, digital TV services, and investments into its fibre-optic network. I’m certain that GTA will greatly benefit from the wealth of knowledge, investment focus, technical proficiency and employee development for which Telkom is known.’

Telkom noted that Guam’s geographically strategic location – with numerous submarine cables between Asia and the US landing on the island – will improve its position in the Asia-Pacific as a hub of international traffic. The acquisition will strengthen the Indonesian firm’s portfolio of international operations, which include Telin Singapore, Telin Hong Kong, Telkom Australia, Telkom Taiwan, Telkom USA, Telin Malaysia, Telkom Macau, Telin Timor-Leste and a branch in Myanmar. TeleGeography’s GlobalComms Database states that Advantage Partners acquired GTA from Shamrock Capital Advisors in June 2011. The latter had bought GTA from the government in January 2005.

Guam, GTA, Telkom Indonesia