Mergers and Acquistions News
Categories: Telecoms
December 10th 2008, 15:33PM
Japan's largest cable TV company Jupiter Telecommunications (J-Com) has made a 28 billion yen (£0.2 billion) bid for rival Mediatti Communications.
According to Reuters, J-Com is stepping up its efforts to acquire regional operators in an attempt to attract more subscribers.
Under the terms of the deal, the firm will take a 100 per cent stake in Mediatti which has 215,000 subscribers.
If it goes through, the deal will be J-Com's fourth acquisition of the year.
More than half of J-Com's stock is held by a joint venture between US Liberty Global and Japanese investment house Sumitomo Corporation.
Yesterday, it was revealed that Vodafone Europe has made a 239 million (£19.81 million) Swedish kronor bid for UK-based satnav firm Wayfinder.
Wayfinder's board of directors has already recommended that shareholders accept the bid and director Magnus Nilsson stated that the company is "excited" about the prospect of working with Vodafone in future.
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