Japanese private equity firm Advantage Partners is reportedly preparing to sell its majority stake in Guam incumbent telco TeleGuam Holdings (GTA).
Advantage has hired Citigroup to find potential buyers for the stake, which could command a price of more…
Japanese private equity firm Advantage Partners is reportedly preparing to sell its majority stake in Guam incumbent telco TeleGuam Holdings (GTA).
Advantage has hired Citigroup to find potential buyers for the stake, which could command a price of more than US$300m, Reuters reported citing people with direct knowledge of the matter.
Advantage bought the stake in 2011 for a reported Y10bn (US$120m), including liabilities.
GTA provides wireless, fixed-line, broadband internet and pay-TV services. It is the leader in the Pacific island nation’s fixed-line segment, while Docomo Pacific is the number one player in the US territory’s mobile and pay-TV markets.
Neither Advantage nor GTA was immediately available for comment.