J-Com Buys Control of Internet Firm

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Jupiter Telecommunications Co. Ltd, Japan’s largest cable company, is buying a majority stake in Osaka-based cable Internet-service provider Kansai Multimedia Service Co.

On Jan. 6, after J-Com buys 37.25% of outstanding equity in KMS from the Kansai Electric Power Group and Sumitomo Corp., J-Com's stake in KMS will rise to 63% from 25.75%, making KMS a consolidated subsidiary.

KMS provides cable Internet services in partnership with local cable operators in the Kansai region under the ZAQ brand name, which it will retain. J- Com's cable systems provide high-speed Internet access services together with KMS in the Kansai region and with @NetHome Co., a wholly owned subsidiary of J-Com, in other regions. J-Com’s principal shareholders are Liberty Media International and Sumitomo Corp.

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