GTA TeleGuam, the former state-owned telecoms operator on the Pacific island of Guam has announced plans to invest US$10 million to boost its 3G mobile network and television business. Currently, the company is the smallest of the three mobile network operators on the small island.
"GTA TeleGuam was a late entrant and now is the challenger in these growing telecom market segments because of government restrictions before its privatization in 2005," according to the company. "By continuing to make smart investments in our network, GTA TeleGuam will continue to lead the introduction of innovative and affordable communications products and services that customers expect today."
The company has spent around US$75 million on its network over the past five years, and recently secured the exclusive rights to sell the Apple iPhone in the country.
"Competition forces companies to improve or die," Certeza said. "Consumers benefit from competition through improved service, innovative products, lower costs and overall better value.
"Unfortunately, Guam still does not have a level competitive playing field," said Rolando S. Certeza, executive vice president of sales and marketing for GTA TeleGuam. "GTA TeleGuam is the only communications carrier that is legally required to share its network with competitors. This inhibits GTA TeleGuam from being more aggressive in other growth areas."
As carrier of last resort for landline phone service on island, GTA TeleGuam has an important responsibility to maintain reliable communications during the Typhoon season.
TeleGuam is privately owned and locally managed. Shamrock Capital Advisors, a California-based private equity firm founded as the Roy E. Disney Family investment company, and GE provide financial backing to GTA TeleGuam.
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