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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.

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