KDDI wraps acquisition of stake in J:COM

KDDI has become the victor in the race to purchase a major stake in Jupiter Telecommunications (J:COM). Under the terms of the deal, KDDI will acquire a 37.8 percent stake in the company.

Completing the estimated $4 billion deal did not come easy since it emerged in late January. The Japanese provider faced a few major hurdles, including a regulatory inquiry and a competing bid from Sumitomo.

For KDDI, the value in purchasing a big stake in J:COM is twofold. At a time when its market share has been eroding in Japan, the stake in J:COM would give them access to a possible 3.2 million homes to provide telephony service, but also decrease their reliance on NTT for fiber connectivity.

For more:
- see the J:COM release here
- Telegeography has this article

Related articles

Sumitomo ignites bidding war for J:COM stake
KDDI's J:COM purchase comes under regulatory scrutiny
KDDI to take a smaller bite out of J:COM
KDDI hopes to revive growth with J:Com purchase
KDDI America builds U.S. Ethernet hubs

Suggested Articles

BT Ireland and Huawei are laying claim to the first 1.2 Tb/s transmission real-time trial based on a commercial product platform in a live network.

Google Fiber announced this week it was pulling the plug on its 100 Mbps service to new customers in order to just offer its gigabit service.

MEF outlined an ambitious roadmap at last month's MEF19 conference that included deeper partnerships with cloud providers using the LSO Sonata APIs.