Government affiliate Enterprise Turnaround Initiative Corp of Japan (ETI) is considering acquiring struggling mobile firm Willcom, according to reports.
ETI joins Softbank Mobile and private equity firm Advantage Partners in expressing an interest in the…
Government affiliate Enterprise Turnaround Initiative Corp of Japan (ETI) is considering acquiring struggling mobile firm Willcom, according to reports.
ETI joins Softbank Mobile and private equity firm Advantage Partners in expressing an interest in the company.
Willcom, majority owned by private equity juggernaut Carlyle, is riddled with debt, and ETI is in negotiation with the firm’s banks regarding the possibility of loans being waived.
Willcom has US$757m in loans and US$385m of outstanding debt on its books
Currently, Carlyle holds 60% in Willcom, Kyocera Corp 30% and KDDI 10%.
