Advantage, SoftBank plan $112.6 million investment in Willcom
Advantage Partners, the Tokyo-based private equity firm, and Japanese mobile phone carrier SoftBank will reportedly provide JPY5 billion ($56.3 million) each to Willcom, the struggling PHS (personal handy phone) business, which filed for bankruptcy with JPY206 billion ($2.3 billion) of debts earlier last month.
The unit will be operated under a new entity controlled by the private equity firm and SoftBank, Japan's No.4 mobile phone carrier, which will reportedly have total capital of JPY15 billion ($168.8 million)....
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