Advantage Partners Acquires GTA Teleguam From Shamrock Capital Advisors

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Guam – TeleGuam Holdings [dba GTA TeleGuam] has announced that it has signed a merger agreement with Advantage Partners [AP].

Advanatge Partners [AP} is a leading service provider to private equity funds investing in global markets mainly in Japan.

According to a release from GTA, AP TeleGuam Holdings, [which is the investment vehicle formed with funds from Advantage Partners] will acquire GTA TeleGuam from Shamrock Capital Advisors.

The transaction represents another substantial milestone for GTA TeleGuam, which will celebrate its sixth anniversary of its privatization in January.  Terms of the transaction were not disclosed.

“We are excited about this new partnership and believe that AP Funds’ investment in Guam will benefit employees and customers alike,” said Dan Moffat, president and CEO of GTA TeleGuam. “We are committed to continuing to deliver the citizens of Guam with the highest level of communications service – this transaction will be seamless to employees and customers and GTA TeleGuam will remain a local company.”

The island of Guam has experienced significant innovation in communications services over the years, with strong growth prospects with the relocation of 8,500+ U.S. Marines from Okinawa to Guam.  GTA TeleGuam’s record of achievements, coupled with growth prospects from the military buildup and the continued economic rise in Asia, attracted AP Funds to the company and Guam.

“We are very impressed with the professionalism of GTA TeleGuam’s management and employees, and the quality of services offered by GTA TeleGuam.  We believe the company is well-positioned for continued growth given its state-of-the-art infrastructure, penetration of quadruple-play offerings and macro growth from the military buildup,” said Richard L. Folsom, Representative Partner at Advantage Partners.  “We are excited to work with management, employees, local community and customers, and intend to stay committed to investing in the island to offer the best services to consumers, government, military and business enterprises.”

As part of the transaction, Shamrock will exit its investment in the company since privatizing it back in 2005 to return capital to its investors.

“Since the privatization, GTA TeleGuam has undergone tremendous change and innovation.  In the midst of a constantly evolving communications landscape, the company has brought many new services and products to the island including the launch of a wireless GSM network, introduction of the Apple iPhone and launch of video services, to name a few of the services now offered.  It has been a pleasure working with the businesses in Guam, and we have appreciated the support we have received from the Government of Guam throughout these changes,” said William Wynperle, Managing Director of Shamrock Capital Advisors.  “We are very proud of what the employees of GTA TeleGuam have achieved during our years of investment, and are honored to have been associated with the people of Guam.”

GTA TeleGuam was advised by Barclays Capital in the transaction and Hughes Hubbard & Reed LLP provided legal counsel. AP Funds were advised by Deutsche Securities Inc. (Japan) in the transaction and Nagashima Ohno & Tsunematsu and Kirkland & Ellis LLP provided legal counsel.  The transaction is pending government and regulatory approvals.