Guam telecoms provider bought by Huntsman Family Investment
Jon Huntsman Jr, US ambassador to China until 2011, is an advisor to Utah-based firm which has bought of GTA Teleguam
Huntsman Family Investment, a privately-held investment company advised by former US ambassador to China, Jon Huntsman Jr, is buying the leading telecommunications provider in Guam.
The Salt Lake City, Utah-based Huntsman Family Investments (HFI) did not disclose how much it is paying Japanese firm Advantage Partners for its acquisition of the Guam telecommunications firm, GTA Teleguam.
Huntsman Jr was United States Ambassador to Singapore from 1992 to 1993, and China from 2009 to 2011.
Indonesia’s largest telecommunications operator, PT Telekomunikasi Indonesia Tbk, in May 2015 agreed to pay US$300 million for GTA Teleguam, but dropped the deal a year later following uncertainties in the regulatory process.
GTA Teleguam provides wireless, high-speed internet, IPTV and fixed voice services in Guam. The company is also a part of a consortium of US and Asian telecommunications companies that are constructing SEA-US, a new submarine cable system to connect Southeast Asia and the
US via Guam.
“This transaction represents our first investment in Guam and we are excited to be associated with the