Tokyo – Jupiter Telecommunications Co., Ltd. has transferred 39,798 outstanding shares in Kyoto Cable Communications Co., Ltd. from Fujitsu Ltd, effective from end November 2007. Transfer will make J:COM the largest shareholder in the company with a 46.64% share of voting rights. In addition, J:COM will acquire the remaining Miyavision shares from other shareholders to secure majority voting rights from end January 2008 and turn the cable operator into a consolidated subsidiary. Miyavision started in Kyoto city and then expanded into Muko city, Nagaokakyo city, Oyamazaki town, accumulating 303,000 serviceable households. It is anticipated that J:COM’s sales, offerings, customer support, and other group assets will double Miyavision’s current multi-channel subscriber rate, which stands at 10%.
Ad – Before Content
Related Articles
- Anastasia Nyrkovskaya Named Chief Executive Officer of Fortune Media
- Academy of Country Music and Lucas Oil announce next artists for ACM Garage Talk video series
- JioCinema unveils the trailer of its high intensity, war-room drama, Ranneeti: Balakot & Beyond
- Rewind Networks expands its reach in the Philippines, the Maldives and Papua New Guinea
- ZEE5 Global premieres the much-awaited trailer of The Broken News season 2
- Emily VanCamp to star in legal procedural PREJUDICE, co-developed by Pixcom & Keshet International