Utah-based Huntsman Family Investments and its affiliates have announced that they have entered into a definitive agreement to acquire GTA TeleGuam from funds serviced by Advantage Partners, a Japanese private equity firm. The transaction is subject to federal and Guam regulatory approvals and is expected to close later this year. GTA is a quadruple-play telecoms operator, providing wireless, broadband, IPTV and fixed voice services in Guam. Under US-based HFI ownership, GTA will continue to be locally managed, operated and dedicated to improving connectivity across the island and internationally, the new owner noted.
Paul Huntsman, president and CEO of Huntsman Family Investments, commented: ‘This transaction represents our first investment in Guam and we are excited to be associated with the premier provider of telecommunications services on the island.’