GTA agreed that Stonepeak will provide the service provider with up to a $200 million strategic growth investment. 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 company.
While GTA offers a range of quad-play broadband, wireless, telephony, and video solutions, GTA is looking to expand its presence with global hyperscalers and telecommunications providers connected to Guam through its existing cable landing stations and data center facilities.
The service provider operates several cable landing stations and data centers in Piti, including its GNC Data Center, which recently added Cogent Communications 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.
With Stonepeak’s investment, GTA will be able to strengthen its presence throughout Guam further through the development of additional data centers. GTA will also be able to expand its island-wide fiber-to-the-home service further.
“Given Guam’s increasing importance as a strategic hub for transpacific subsea cables, we believe there will be strong demand for additional landing stations and colocation capacity in the years to come,” said Andrew Thomas, senior managing director at Stonepeak. “In our view, GTA is well positioned to meet that demand with its platform of landing stations and data center facilities spanning the island, interconnected through a dense fiber network. We look forward to partnering with HFI and the GTA management team to continue to grow the company.”
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.
After meeting customary closing conditions, the transaction is expected to close within the next month.
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