Taiwan Mobile has agreed to acquire one of the island’s top pay-TV operators from Carlyle Group, in a $1bn cash and stock deal. The takeover of Kbro, which requires regulatory approval, will create Taiwan’s largest provider of phone, web and TV “convergence” services. Carlyle will receive cash of just NT$440m ($12m) and 589m shares, or a 15.5% stake in Taiwan Mobile, Taiwan’s second-largest phone carrier, which will also assume about $800m of Kbro’s debt.

This entry was posted by Gwen Robinson on Thursday, September 17th, 2009 at 4:37 and is filed under Capital markets, M&A, Private equity. Tagged with carlyle, Kbro, Taiwan Mobile. Edit this entry.