IT&E and iCONNECT today announced that IT&E will acquire iCONNECT's telecommunications assets in Guam and the CNMI, including its wireless network, Integrated Digital Enhanced Network (iDEN) known as Push-To-Talk, and customer base.
The transaction brings together two true telecommunications innovators in Guam and the Marianas.
As a result of the acquisition, IT&E and iCONNECT subscribers will enjoy enhanced services and expanded wireless broadband experience in the CNMI and Guam at no additional cost.
“IT&E and iCONNECT share a dedication to keeping the communities of Guam and the CNMI connected to the world with leading-edge technology. The acquisition will allow us to continue with our improvements to our network coverage and data capabilities in Guam and the CNMI. iCONNECT has been serving the island communities for more than 20 years and is a pioneer in the local telecommunications industry. We’re proud to add to that legacy and continue serving the islands far into the future,” saod Jim Oehlerking, CEO of IT&E
"Upon completion of the customer migration, iCONNECT customers will start to reap the benefits of IT&E's advanced network and innovative capabilities in Guam and the CNMI and will further enjoy the advances of ITE's 5G network upon rollout. iCONNECT is thrilled with IT&E's plans that will benefit all of its customers moving forward," said Rene C. Lao, CFO of iCONNECT
The deal was signed on Sept. 22. Commencing on Oct. 1, all iCONNECT postpaid and prepaid subscribers will begin a transition to IT&E over a period of 90 days. During this transition, iCONNECT will continue to operate its network and retail locations. iDEN services will continue uninterrupted, as well.
With the transfer to IT&