Liberty announces J:COM sale completion

19 Feb 2010

Liberty Global has announced that it has completed the sale of its 37.8% stake in Jupiter Telecommunications (J:COM) to KDDI. News of the proposed deal , which is valued at JPY362 billion (USD4 billion) in cash, first broke on 25 January. At the time KDDI president Tadashi Onodera said that the investment will give the company access to a potential 3.2 million households for telephony services and simultaneously reduce its reliance of using NTT’s fibre-optic networks. However, some industry observers were of the view that the purchase price was too high.