GTA Announces Closing of Strategic Investment from Stonepeak
TAMUNING, Guam & NEW YORK, NY – January 3, 2024 – TeleGuam Holdings, LLC (“GTA”), Guam’s leading digital infrastructure provider of broadband, wireless, data center, and subsea cable landing services, today announced the closing of the previously announced strategic growth investment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Huntsman Family Investments and its affiliates (“HFI”) will continue to be the majority owner of GTA and operate the asset.
GTA will use this investment to develop additional cable landing stations and data center capacity, as well as accelerate the buildout of its leading fiber network to provide island-wide fiber-to-the-home service. This will expand GTA’s presence in Guam and allow it to offer faster speeds and increased resilience across the territory for its customers.
Lazard is serving as financial advisor to HFI and GTA. Bryan Cave Leighton Paisner LLP is serving as legal counsel to HFI and GTA, and Sidley Austin LLP is serving as legal counsel to Stonepeak.
GTA provides complete communications services in Guam. These include local and long-distance telephone service, 3G, LTE, and 5G mobility service, High Speed Internet Access, Dedicated Ethernet, Carrier-Class High Capacity Services over SONET and SDH networks, and advanced television, or IPTV. GTA operates a data center on Guam offering a secure, managed environment for customers who need an alternative site for business data storage. The company also runs Guam’s first locally owned cable landing station and data center in Piti.
Based in Tamuning, Guam, GTA is a U.S. and locally owned company and locally managed. The company’s website is www.gta.net.
About Huntsman Family Investments
Huntsman Family Investments is the private investment platform for the Jon M. Huntsman, Sr. family. Headquartered in Salt Lake City, Utah, Huntsman Family Investments seeks to make direct, long-term investments in diversified industries around the globe. For more information, please visit www.hfinvestments.com.
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.9 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.
GTA and Huntsman Family Investments
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