The Carlyle Group purchased Hawaiian Telecom from Verizon in 2005. It went bankrupt in late 2008.Kimi Koge, business manager of IBEW Local 1357, said that having gone through a sale with The Carlyle Group, Hawaiian Telcom customers suffered a tremendous drop in service and reliability.“The company eventually went into bankruptcy and the employees and people of Hawaii have not recovered since”
"I have seen so many people -- particularly those in their 50s - 70s -- taken apart by what has happened in their industry as greed has hollowed out the economy. These are people took pride in their jobs and held themselves to this invisible standard that we all just took for granted, but is being wiped out."The people still haven't recovered as PEU greed spreads through the global economy like a voracious parasite.