KDDI to buy TEPCO's cable TV assets

17 Dec 2008

The Nikkei reports that Japan’s number two operator by subscribers and revenues, KDDI Corp, is to acquire the cable TV operations of Tokyo Electric Power Co (TEPCO) for a consideration of JPY20 billion (USD222.4 million). The telco is reportedly looking to purchase TEPCO’s Tepco Cable Television Inc and Kawagoe Cablevision Corp units, both of which operate in Saitama Prefecture, near Tokyo, the Nikkei said without disclosing its sources. Tepco Cable Television is understood to have around 110,000 subscriber households, while Kawagoe Cablevision has 20,000, the paper said. If completed, the takeover would boost KDDI’s total cable base to about 730,000 households, raising its national market share to around 10%. KDDI offers CATV services through its Japan Cablenet unit.

Japan, KDDI (au)