Liberty completes J:COM sale

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.

You must be logged in to post a comment Login