J:Com, KDDI take stakes in Japan's Shop Channel

Thursday 24 December 2015 | 10:02 CET | News
Jupiter Telecommunications (J:Com) and Japanese mobile operator KDDI have both decided to invest in the Shop Channel of Japan. No financial details were disclosed. J:Com will take 50 percent of shares and KDDI 5 percent. J:Com will acquire all of Bain Capital's shares while KDDI will take its shares from Sumitomo, which presently holds 50 percent. The three companies said they will work together in order to increase the corporate value of Shop Channel and boost customer satisfaction.

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Categories: General
Companies: J:Com / Jupiter Telecommunications / KDDI Corporation UK / Sumitomo
Countries: Japan
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