GTA's ownership possibly looking to sell company - KUAM.com-KUAM News: On Air. Online. On Demand.

GTA's ownership possibly looking to sell company

Posted: Updated:
 by Sabrina Salas Matanane

Guam - In response to an article by Reuters, GTA confirms that its owners Advantage Partners has hired Citibank to explore strategic alternatives, including a possible sale of its equity position in the company.

AP acquired GTA three years ago and since then has invested millions of dollars to transform its telephone operation into a company providing wireless services, internet, wireline and TV networks to “meet the evolving needs of Guam's' consumers, enterprise, government and wholesale customers,” a press release stated.

Despite the possible sale, GTA states that it remains committed to continuing to serve its customers to make network improvements, including capital investments of more than $15 million for the upcoming year to continue to add capacity and sites for its wireless network, further rollout of fiber to the curb and fiber to the building projects for residential and business internet services, as well as investing in the new SEA-US submarine fiber cable between Guam and Los Angeles.

  • NEWS HEADLINESMore>>

  • Local firefighters, Coast Guard unit collect storm aide for Rota

    Local firefighters, Coast Guard unit collect storm aide for Rota

    Coming to the aid of our brothers and sisters in Rota who are slowly picking up the pieces after Typhoon Mangkhut are the Guam Fire Department and the Western Pacific Islands Association of Fire Chiefs. Recently, they conducted a relief drive and togetherMore >>
    Coming to the aid of our brothers and sisters in Rota who are slowly picking up the pieces after Typhoon Mangkhut are the Guam Fire Department and the Western Pacific Islands Association of Fire Chiefs. Recently, they conducted a relief drive and togetherMore >>
  • Santa Rita fire sends 3 to hospital

    Santa Rita fire sends 3 to hospital

    Three people were rushed to the Guam Memorial Hospital from injuries sustained in a structure fire in Santa Rita. Guam Fire Department spokesperson Kevin Reilly says units responded to the fire along Maria Perez St. just before 6 o’clock Thursday

    More >>

    Three people were rushed to the Guam Memorial Hospital from injuries sustained in a structure fire in Santa Rita. Guam Fire Department spokesperson Kevin Reilly says units responded to the fire along Maria Perez St. just before 6 o’clock Thursday. 

    More >>
  • Action taken on over 2,000 CLTC leases

    Action taken on over 2,000 CLTC leases

    Action has been taken on the more than 2,000 Chamorro Land Trust leases deemed voidable. As reported, the AG's opinion issued in May categorized CLTC leases as "voidable" and "null and void." Leases not ratified by the board were deemed "voidable, but not

    More >>

    Action has been taken on the more than 2,000 Chamorro Land Trust leases deemed voidable. As reported, the AG's opinion issued in May categorized CLTC leases as "voidable" and "null and void." Leases not ratified by the board were deemed "voidable, but not

    More >>
Powered by Frankly