06.10.2011

Advantage Partners completes acquisition of GTA Teleguam

TAMUNING, Guam and TOKYO – (June 10, 2011) – TeleGuam Holdings, LLC (d/b/a/ “GTA TeleGuam”), the leading provider of communications services for the island of Guam, and Advantage Partners, LLP (“Advantage Partners”), a leading service provider to private equity funds investing in global markets mainly in Japan, completed the acquisition of GTA TeleGuam by AP TeleGuam Holdings, Inc., an investment vehicle formed by funds served by Advantage Partners (“AP Funds”), from Shamrock Capital Advisors. The transaction was announced in late 2010 and approved by the Federal Communications Commission and the Guam Public Utilities Commission. Terms of the transaction were not disclosed.

GTA TeleGuam was advised by Barclays Capital in the transaction and Hughes Hubbard & Reed LLP provided legal counsel. AP Funds were advised by Deutsche Securities Inc. (Japan) in the transaction and Nagashima Ohno & Tsunematsu and Kirkland & Ellis LLP provided legal counsel.

About GTA TeleGuam

GTA TeleGuam provides complete communications services on the island of Guam, and is headquartered in Tamuning, Guam. These include local and long-distance telephone service, 3G wireless, DSL Internet access, and advanced digital television, or IPTV. The company also operates a data center in Guam for offering business data storage and managed wide area networking. www.gta.net.

About Advantage Partners

Advantage Partners, LLP is a private equity firm founded in 1992 and has the longest history of executing private equity transactions in Japan. Funds served by Advantage Partners (“AP Funds”) have invested in more than 30 companies to date and represent total capital commitments of more than USD 5 billion (JPY 410 billion). To achieve optimal results Advantage Partners places great importance on supporting operational improvement and strategic planning based upon extensive management consulting experience. Companies in AP Funds’ portfolio include both private and publicly traded firms in various market segments including: IT/communications/software development, finance/services, consumer products/manufacturing, and distribution/retail. www.advantagepartners.com

About Shamrock Capital Advisors

Historically known as the Disney-family investment vehicle for over thirty years, Shamrock Capital Advisors is a Los Angeles-based private equity firm investing on behalf of a diversified group of institutional limited partners focused solely on the media, entertainment, and communications industries. Shamrock makes both control and minority investments. Shamrock’s representative investments include, REALD, K2 Towers, Media Storm, PRN, Harlem Globetrotters, Modern Luxury and Publishing Group of America. www.shamrock.com