Kyocera, the Japanese technology company, is said to be in advanced talks with Carlyle, the US private equity group, to offer around $2.1 billion for DDI Pocket, the wireless services provider, in what would be a landmark private equity investment in Japan.
The deal would give Carlyle 60% of DDI and Kyocera would be left with 30%. KDDI, the Japanese telecommunications company that currently owns DDI, would retain a 10% stake. DDI's main business is to produce a wireless communications device known as the Personal Handyphone System (PHS).
28-May-2004
