JCOM eyeing merger with JCN
News On Japan via Yomiuri -- Oct 21

Jupiter Telecommunications Co., the nation's largest cable television operator, is in talks to buy rival Japan Cablenet Ltd. and integrate their operations, according to sources.

If integrated, the company will have about 50 percent of the domestic cable TV market.

In cooperation with its parent company KDDI Corp., Jupiter Telecommunications, known as JCOM, will aim to become more profitable by expanding services that combine the Internet and TV programming such as "Smart TV" in which customers shop, play games, or do other activities through Internet-connected TVs.

Trading house Sumitomo Corp., which has about a 40 percent stake in JCOM, and KDDI, which holds about 31 percent of the company, will hold board meetings respectively to officially decide on the integration, the sources said.

KDDI has a 95.6 percent stake in Japan Cablenet (JCN), the nation's second-largest cable TV operator.

ケーブルテレビ最大手の「JCOM(ジュピターテレコム)」は、業界2位の「JCN(ジャパンケーブルネット)」を買収する方向で検討していることがわかった。

Source: Yomiuri, FNNnewsCH



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