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Carlyle-backed Japanese telecoms company Willcom files for bankruptcy

18 Feb 2010

Carlyle’s majority stake in Japanese wireless communications company Willcom may be wiped out as the company files for bankruptcy. The company, reportedly 60 per cent owned by the US private equity firm, said it had liabilities of 206bn yen ($2.2bn), capital of 5bn yen ($55m), and had been unable to come to an agreement on debt repayments with main creditors Mitsubishi UFJ Financial Group and Mizuho Financial Group.

 

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