According to foreign media reports, Guam’s telecommunications industry leader GTA has agreed to Stonepeak providing it with a strategic growth investment of up to $200 million. This investment will serve as the main capital, and Huntsman Family Investments and its subsidiaries (HFI) will continue to be the major shareholders of GTA and operate the company.
Although GTA offers a range of four point playback broadband, wireless, telephone, and video solutions, the company is seeking to expand partnerships with global mega operators and telecommunications providers connecting Guam through its existing cable landing stations and data center facilities.
The service provider operates several cable login stations and data centers in Piti, including the GNC data center. The service provider is also expanding to other regions and developing its Alupang data center.
With Stonepeak’s investment, GTA will be able to further strengthen its presence in Guam by developing more data centers. GTA will also be able to further expand its island wide fiber to home services.
Andrew Thomas, Senior Managing Director of Stonepeak, stated: “Given the increasing importance of Guam as a strategic hub for trans Pacific submarine cables, we believe that in the coming years, users will have a strong demand for additional landing stations and hosting capabilities. In our view, GTA is fully capable of meeting this demand, with its landing stations and data center facility platforms spanning the entire island and interconnected through dense fiber optic networks. We look forward to working with HFI and GTA management teams to continue developing the company.”