Guam’s Public Utilities Commission (PUC) has approved the acquisition of full-service telecoms operator GTA by PT Telekomunikasi Indonesia (Telkom), Pacific Daily News reports. The Indonesian company revealed in June that it had reached a definitive agreement to acquire 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 arm of Telkom) will acquire GTA’s parent company TeleGuam Holdings. The deal also requires approval from the US Federal Communications Commission (FCC).
Telkom noted that Guam’s geographically strategic location – numerous submarine cables between Asia and the US land on the island – will improve its position in the Asia Pacific region as a hub for international traffic. The acquisition will strengthen the Indonesian firm’s portfolio of international operations, which includes 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.