Jupiter Telecommunications acquires majority stake in Taito Cable Television

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Jupiter Telecommunications Co (J:COM), the largest multiple system operator (MSO) in Japan based on the number of customers served, announced Monday that it has acquired 97.9% of the total outstanding shares in the Jyohoku New Media Co and that Taito Cable Television has become a consolidated subsidiary of J:COM as was previously announced.

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J:COM said its growth strategy focuses on the proactive capital investment in cable television service operators. The acquisition of the 37,600 outstanding shares of Taito Cable Television from TaitoWard and other shareholders is a part of that overall strategy.

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Taito Cable Television operates throughout TaitoWard, Tokyo with approximately 80,000 serviceable households or “homes passed.” This densely populated service area adjacent to the Sumida Ward, already a J:COM service area, will provide various potential synergies in terms of business strategy. J:COM expects, with the group’s various managerial resources such as its customer support services and sales team, to expand the area’s penetration from the current high-teens to over 20%, average of J:COM group in multi-channel service.

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