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.

Related posts:

1. Carlyle Group & Kyocera Buy DDI
2. Willcom Prepares for IPO
3. Kids’ Mobile Device for Willcom?
4. SoftBank to Buy Willcom
5. Willcom Launches Feature Packed Mobile Phones for Fall

Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.

Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!