Carlyle gets Taiwan telecom regulator clearance for Kbro sale
The Carlyle Group has received approval from Taiwan’s media and telecoms regulator, the National Communications Commission, for the sale of its local cable TV and broadband asset Kbro to the Tsai family, for some T$36 billion ($1.2 billion). Carlyle has made no statement, but AVCJ sources close to the deal confirmed the approval, though indicating that the process needs clearance from other regulatory agencies before completion. The sale price also includes $625 million of existing debt.
Carlyle originally bought Kbro, then known as Eastern Multimedia, for $1.3 billion in 2006, and previously reached agreement with Tsai family-controlled Taiwan Mobile in late 2009, before that exit was...
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