Guam’s PUC approves Telkom’s acquisition of GTA

Guam, August 31 2015. Guam’s regulatory Public Utilities Commission (PUC) on Thursday unanimously approved the sale of GTA to an Indonesia-based telecom giant.

The PUC is a step in the approval process that includes the Federal Communications Commission and security clearance reviews by federal agencies. GTA and PT Telekomunikasi Indonesia, through its subsidiary Telkom USA, Inc announced in January they’ve reached a definitive agreement for the purchase. GTA previously stated it expects its number of workers — about 445 in January — to stay about the same after the acquisition. A national security background check on the buyer can be expected, as was the case when Advantage Partners, which is primarily owned by Japan-based investors, bought GTA. 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 East Timor and a branch in Myanmar, according to the Telkom and GTA press release in January.

Telkom is one of GTA’s partners in the project to connect Indonesia, the Philippines and other parts of Southeast Asia, Guam, Honolulu and the West Coast with a new undersea fiber-optic cable network (SEA-US) for faster Internet connection. In October last year, GTA confirmed it was for sale if the right buyer came along. GTA’s owner retained Citibank to explore certain strategic alternatives, including a possible sale.

source : http://www.guampdn.com/story/news/2015/08/27/puc-approves-sale-gta-0828/32461609