Stonepeak invests $200 million into GTA

Investment fund Stonepeak has invested $200 million into Guam telecoms firm TeleGuam Holdings (GTA). Huntsman Family Investments and its affiliates (HFI) will continue to be the majority owner of GTA and operate the company which will divert the investment into developing additional cable landing stations (CLS) and data center capacity.

Paul Huntsman, chairman of GTA and president and CEO of Huntsman Family Investments said, “When we acquired GTA in 2017, we backed a visionary management team, led by Roland Certeza and Joseph Shinohara, to develop the digital ecosystem on Guam. Despite the challenges of Covid and Typhoon Mawar, our GTA team has been steadfast in working towards that goal. Today, we are honored to partner with a world-class investor, Stonepeak, for the next stage of GTA’s growth, and we are looking forward to leveraging their expertise. We are thankful to our GTA team and local investor partners for helping us get to this point.”

Andrew Thomas, senior managing director at Stonepeak, added, “Given Guam’s increasing importance as a strategic hub for transpacific subsea cables, we believe there will be strong demand for additional landing stations and colocation capacity in the years to come. In our view, GTA is well positioned to meet that demand with its platform of landing stations and data center facilities spanning the island, interconnected through a dense fiber network. We look forward to partnering with HFI and the GTA management team to continue to grow the company.”