J:COM acquires Suzuran cable unit via Cablenet Kobe subsidiary

5 Jan 2010

Japanese multiservice operator (MSO) Jupiter Telecommunications Company (J:COM), announced today that its subsidiary, Cablenet Kobe Ashiya (J:COM Kobe-Ashiya), and Keihanshin Cable Vision Foundation (KCV) have entered into a business transfer agreement, under which the former will acquire Suzuran Cable System (Suzuran), operated by KCV in Kobe City’s Kita Ward, effective 1 February 2010. J:COM said the deal was part of the group’s plan to expand its operations by actively taking equity stakes in cable TV operators, as a pillar of its growth strategy. Suzuran has operated CATV services since 1971 and covers an area located in the northeastern section of Kobe City, equivalent to about 44% of the city’s total area. Suzuran offers three services — cable television, high speed internet access and telephony — and had 77,800 homes passed (as of the end of August 2009). The takeover increases J:COM’s coverage to almost the entire city and raises its homes passed tally in Kobe City to a total of approximately 767,700.

Japan, J:COM (Jupiter Telecom)