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  • Carlyle Group Books Loss on Willcom

    The Washington Post is reporting that The Carlyle Group suffered a $330 million loss Thursday when a Japanese mobile phone company in which it had a big interest filed for bankruptcy protection, the second time in a little more than a year that Carlyle has taken a hit in the highly volatile telecommunications field.

    Carlyle bought 60 percent of Willcom from Japanese telecom company KDDI in 2004 and grew its subscriber base from about 3 million to 4.6 million in 2007. More details also available via WSJ.

    Posted: 20 February 2010 | Filed: Carriers, Wireless News | Feedback | Print |  add to twitter 
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