TeleGuam Holdings, LLC (“TeleGuam”) was formed to acquire the operating assets of Guam Telephone Authority, an established local telephone company and the only local exchange carrier, previously owned and operated by the Government of Guam. Since privatization, TeleGuam has transformed into a total communications provider offering wireless voice and data, broadband, voice and IPTV services throughout Guam, a US Territory. Shamrock sold TeleGuam to Advantage Partners in June 2011.