KDDI eyes stake in Jupiter Telecom

It will buy US group Liberty Global’s 37.8 per cent stake in Jupiter. Sumitomo Corp will still hold a 27.7 percent stake in J:Com.

KDDI is chasing new revenue in cable TV through its Japan Cable Net Limited subsidiary as sales stagnate from fixed and mobile lines in a saturated market. The deal, expected comes as KDDI struggles to grow, hemmed in between Nippon Telegraph and Telephone Corp and upstart Softbank Corp.

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