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%.
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