KDDI could buy smaller stake in J:Com - report

News Broadband Japan 8 FEB 2010
KDDI could buy smaller stake in J:Com - report
Japanese communications firm KDDI could amend its plans to buy a stake in cabler Jupiter Telecommunications (J:Com). The company is now in talks to acquire a smaller stake - less than one-third - than the initially planned 38 percent stake, The Yomiuri Shimbun reports. The planned acquisition is already being investigated by Japan's financial services watchdog. In January, KDDI announced it planned to buy a 38 percent stake in J:Com for USD 4 billion from Liberty Global.

Categories:

Fixed

Companies:

J:Com,  KDDI,  Jupiter Telecommunications,  Liberty Global

Countries:

Japan

Tags:

Cable - Docsis, M&A buyouts & divestments

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