PUC approves GTA ownership change - KUAM.com-KUAM News: On Air. Online. On Demand.

PUC approves GTA ownership change

Posted: Updated:

by Michele Catahay

Guam - The Guam Public Utilities Commission has approved GTA TeleGuam's Ownership Transfer of ownership by a new private equity investor. After a public hearing Monday evening in Hagatna, a unanimous vote was made giving the green light to proceed with the transaction with Advantage Partners, the largest private equity investment firm based in Japan.

GTA TeleGuam must also get approval from the Federal Communications Commission before Advantage Partners can assume ownership of the company from Shamrock Capital Advisors.

The deal was made last November to complete the transaction by the middle of this year.

  • NEWS HEADLINESMore>>

  • American Red Cross Red Ball celebrates "Arc Angels"

    American Red Cross Red Ball celebrates "Arc Angels"

    The crowd showing up for the annual Red Ball event held at the Dusit Thani Resort in Tumon on Saturday.This year's theme was Arc Angels, celebrating the angels in our community. Attendees coming together to celebrate and support all that the American RedMore >>
    The crowd showing up for the annual Red Ball event held at the Dusit Thani Resort in Tumon on Saturday.This year's theme was Arc Angels, celebrating the angels in our community. Attendees coming together to celebrate and support all that the American Red More >>
  • Calvo officially requests for disaster declaration

    Calvo officially requests for disaster declaration

    Gov. Eddie Calvo has sent his official request to President Donald Trump for a major disaster declaration. He is asking that the entire territory be made eligible for public assistance, individual assistance and the Hazard mitigation grant program. CalvoMore >>
    Gov. Eddie Calvo has sent his official request to President Donald Trump for a major disaster declaration. He is asking that the entire territory be made eligible for public assistance, individual assistance and the Hazard mitigation grant program. Calvo More >>
  • Trial pushed back again for prison murder

    Trial pushed back again for prison murder

    Trial is pushed back yet again for the defendants charged in connection to last year's murder at the Department of Corrections. As reported, Edrite "Manson" Isar was found dead in his jail cell at the Hagatna lockup. Though it was initially believed he diMore >>
    Trial is pushed back yet again for the defendants charged in connection to last year's murder at the Department of Corrections. As reported, Edrite "Manson" Isar was found dead in his jail cell at the Hagatna lockup. Though it was initially believed he diMore >>
Powered by Frankly