TeleGuam Holdings, a Tamuning, Guam-based digital infrastructure provider of broadband, wireless, data center, and subsea cable landing services, received up to a $200m strategic growth investment from Stonepeak, an alternative investment firm specializing in infrastructure and real assets.
The transaction is expected to close within the next month, subject to customary closing conditions.
The investment will be structured as primary capital and Huntsman Family Investments and its affiliates (“HFI”) will continue to be the majority owner of GTA and operate the asset. With Stonepeak’s investment, GTA will be able to further strengthen its presence throughout Guam through the development of additional data centers and the accelerated buildout of its leading fiber network to provide island-wide fiber-to-the-home service, offering faster speeds and increased resilience across the territory to help bridge the digital divide. As part of this transaction, Benjamin Wu, Partner at Huntsman Family Investments, will assume the role of CEO of Forager Holdings, the parent company of GTA, as the business continues to invest in other digital infrastructure opportunities on Guam, the Pacific Islands, and in the Asia-Pacific region.
GTA is a provider of digital infrastructure. In addition to its quad-play broadband, wireless, telephony, and video solutions, the company serves global hyperscalers and telecommunications providers connected to Guam through its existing cable landing stations and data center facilities. GTA operates several cable landing stations and data centers in Piti, including its GNC Data Center, which recently added Cogent Communications, one of the world’s largest Internet Service Providers, as a customer. It has also begun expanding into additional geographies with the development of its Alupang Data Center, a 4 megawatt (MW), Tier III data center that will be the first edge computing-led data center in Guam and the region.
FinSMEs
19/12/2023