Los Angeles, June 1 2015 – Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“Telkom”) through one of its international operation arms, Telekomunikasi Indonesia International (USA) Inc. (“Telkom USA”), announced today it has reached a definitive agreement with funds serviced by Advantage Partners, toward the acquisition of the latter’s equity in AP TeleGuam Holdings, Inc. parent company of GTA Teleguam. The transaction is subject to the required Guam and USA federal regulatory approvals. Once the sale closes, GTA will become part of Telkom’s portfolio of international operations.
The acquisition will strengthen Telkom’s portfolio of international operations which include Telin Singapore, Telin Hong-Kong, Telkom Australia, Telkom Taiwan, Telkom USA, Telin Malaysia, Telkom Macau, Telin Timor-Leste and a branch in Myanmar.
“We are very excited to bring GTA into the Telkom family of international operations,” said Mr. Honesti Basyir, Telkom’s Chief Marketing Officer, Wholesale and International Business. “Guam is a very interesting market and a great fit for our international footprint. It has one of the highest GDP per capita among Asian markets with well-educated workforce pool, and is a great adopter of new mobile and fixed technology.” And because of its geographically strategic location with most of submarine cables from Asia to US landing in Guam, in line with Telkom’s intentions to become a new global hub.”
Telkom and GTA have had a relationship for more than a year now, stemming from their partnership in the South East Asia United States (SEA-US) submarine cable system. The two are part of a consortium working to build capacity to meet the growing demand for bandwidth between Southeast Asia and North America.
“Our involvement in the SEA-US cable project gave us an opportunity to get to know GTA quite well,” said Mr. Basyir. “GTA is a strong and well-respected brand. It’s the largest, fastest growing telecommunications company in its home market. It has a commitment to providing an excellent customer experience. It’s a quality and technology leader in mobile, landline, and Internet business. It has a high-performing employee base. And we really appreciate its commitment to giving back to the community.” Furthermore, the synergy between Telkom and GTA will strengthen the positioning of Telkom Group in Asia Pacific as a hub of international traffic.
Robert Haulbrook, president and CEO of GTA, commented: “After 10 years of private-equity ownership, I believe this is a good time to transition the company to a successful international telecommunications firm such as Telkom. Since our privatization in 2005, employees have successfully transformed GTA into a rapidly growing company with a reputation for excellence in landline, mobile and Internet products. They brought new services for Guam customers, including the launch of 3G and 4G LTE networks, the Apple iPhone, digital TV services, and investments into its fiber optic network.”
Haulbrook added: “GTA has been able to retain the local management and local Guam culture even though we have been owned by offshore investors for ten years. We expect the transition to new ownership to be seamless for both employees and customers. I’m certain that GTA will greatly benefit from the wealth of knowledge, investment focus, technical proficiency and employee development for which Telkom is known.”
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“Telkom”) offers a broad range of network and telecommunication services, including domestic and international basic telecommunication services, using cable and Global System for Mobile Communication (“GSM”) as well as interconnection services used among other license operators (“OLO”). Besides telecommunication services, it also operates multimedia businesses such as content and applications, completing its business portfolio including Telecommunication, Information, Media, Edutainment and Services. Its shares are traded on the Indonesia Stock Exchange (“IDX”) and the New York Stock Exchange (“NYSE”). In accordance with Telkom’s vision to become a major player in the Telecommunication, Information, Media, Edutainment, and Services (TIMES) industry at regional levels, Telkom has ambitious plan to expand business through Telkom International Expansion Program. Currently, Telkom have already expanded to Singapore, Hongkong, Macau, Timor Leste, Australia, Myanmar, Malaysia, Taiwan, Saudi Arabia and New Zealand.
GTA is an innovative, full-service communications company dedicated to enhancing the lifestyles, productivity and future of Guam’s residents, businesses and government agencies. GTA has been serving Guam for over 40 years with an integrated, quadruple-play platform i.e. Wireless, Broadband, Pay-TV and Fixed Phone, supported by comprehensive network infrastructure. This demonstrates GTA’s commitment to building and maintaining a world- class communications infrastructure for Guam.
About Telkom USA
Telkom USA was established in December 2013, with 100% share being owned by PT Telekomunikasi Indonesia International (Telin), a wholly owned sub holding company of Telkom for focusing in International Business Portfolios.
All statements other than statements of historical facts included in this Announcement are or may be forward- looking statements. These statements reflect GTA’s and Telkom’s current expectations, beliefs or strategies regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Shareholders and investors should not place undue reliance on such forward-looking statements, and GTA and Telkom do not undertake any obligation to update publicly or revise any forward-looking statements.
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