by Nick Delgado
Guam - GTA TeleGuam's principal owner, Shamrock Capital Advisors, is backing the positions of CEO Dan Moffat and Executive Vice-President of External and Legal Affairs Dan Tydingco. The California-based company is responding to governor Felix Camacho's call for the terminations of those two executives from the company, which surrounds the controversy over $89 million in broadband stimulus funding IT&E applied for.
Shamrock managing director William J. Wynperle states that, "Shamrock Capital Advisors stand firmly committed to its investment in GTA TeleGuam, which it privatized five years ago from the Government of Guam. We are proud of and confident in the management team and all employees on Guam for their commitment to innovate and improve service." Shamrock notes that they have invested about $75 million over the last five years as part of the privatization led by Governor Camacho, which is why GTA contends Guam has one of the most extensive communications infrastructures in the United States and broadband availability is among the highest in the country.
GTA's Tydingco also stated today, "This is not a dispute between two companies. This is about helping make sure federal taxpayer funds get where they need to go to stimulate growth and innovation without unfairly tilting the balance in Guam's already competitive landscape."
The Governor on Monday during a press conference defended his endorsement for the $89 million grant he says only IT&E requested for. However, GTA contends Guam is not under served when it comes to broadband services. The issue also surrounds a blog post on StimulatingBroadband.com that insinuated the governor has a conflict of interest since his brother is employed at IT&E. The governor has since called all personal attacks against him and his family "foolish and elementary".
GTA has also apologized for any misrepresentation as they say they have never made any personal attacks towards the governor.