Taiwan regulators say Carlyle's exit plan for Kbro needs further review
Carlyle Group’s ongoing exit process for its Taiwan cable investee Kbro needs more discussion, according to Taiwan’s broadcast regulator, particularly over competition issues in the industry.
The latest development follows the restart of Carlyle's sale of Kbro, Taiwan's largest cable TV operator, to the Tsai family, controlling shareholders of Taiwan Mobile, at a valuation now being quoted as about T$60 billion ($1.94 billion). The new concerns of Taiwan's National Communications Commission (NCC) were said to be around the capabilities of the Tsai family, and especially whether they can drive through the digitization of the Kbro platform while competing fairly in the market. The NCC had said earlier last week that it had requested the buyer to provide more details of its plans.
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