Tokyo – Jupiter Telecommunications Co., Ltd, the largest multiple system operator (MSO) in Japan based on the number of customers served, announced that it has signed a preliminary agreement of stock purchase with Taito Ward, Tokyo, the largest stockholder of Jyohoku New Media Co., Ltd. J:COM will acquire 4,800 shares out of the total 5,200 outstanding held by Taito Ward. J:COM also plans to acquire any additional Taito Cable Television shares from other shareholders, with the intent of securing majority voting rights as of December 1, 2008 and turning the company into a consolidated subsidiary.
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