Liberty completes J:COM sale

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Liberty Global has completed the sale of its 37.8 per cent stake in Jupiter Telecommunications (J:COM) to KDDI in a $4bn cash deal.

The Tokyo-based carrier earlier this month scaled back its plan, saying it would retain 31.1 percent of Jupiter and place 6.7 percent in a trust bank, after the bid led Japan's financial regulator to examine the deal's legality. The revised offer means KDDI has waived the right to veto management decisions at Jupiter.


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