Posted on: February 18, 2010 by PEHub AdministratorNo Comments »
TOKYO (Reuters) – Japanese mobile communications provider Willcom Inc said on Thursday it has filed for bankruptcy with 206 billion yen ($2.3 billion) in debt, a move that will wipe out an investment made by U.S. buyout firm Carlyle. Willcom, Japan’s fourth-largest provider of mobile phone and wireless data services, has been weighed down by [...]
Posted on: January 14, 2010 by PEHub AdministratorNo Comments »
TOKYO (Reuters) – Japanese mobile phone operator Softbank Corp (9984.T) and private equity firm Advantage Partners are mulling taking stakes in wireless telecoms firm Willcom Inc, which is seeking help from a state-backed turnaround fund, the Nikkei daily reported on Friday. Willcom, 60 percent-owned by private equity firm Carlyle [CYL.UL], has been in talks with [...]
Posted on: November 26, 2009 by PEHub AdministratorNo Comments »
TOKYO (Reuters) – Softbank Corp (9984.T), Japan’s No. 3 wireless carrier, is offering to buy struggling telecom firm Willcom Inc, the Yomiuri newspaper reported on Friday. Willcom, whose top shareholder is private equity firm Carlyle Group, is in the middle of turnaround efforts, asking its creditors to reschedule its debt payment. Softbank is seen as [...]
Posted on: February 12, 2009 by PEHub Administrator1 Comment »
TOKYO (Reuters) – U.S. private equity firm Carlyle Group has given up on finding an additional investor for a mobile phone operator it owns in Japan, and will use a rival’s network to cut the carrier’s spending, a person familiar with the plan said. Last year, Carlyle hired Merrill Lynch & Co (MER.BA) to find [...]
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