Thursday, January 21, 2010

Carlyle Group to Sell Willcom

The Japanese mobile phone market will change in 2010. The Carlyle Group announced its intentions to sell its stake in personal handyphone system provider Willcom. Did Japan come through with zero capital gains for private equity firms? That could sweeten the profit porridge pie.

Update 1-28-10: The China Post reported Willcom may enter bankruptcy next month.

Update 2-18-10: BusinessWeek reported Willcom declared bankruptcy, making it another Carlyle fallen.