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LIBERTY AND MICROSOFT TO MERGE JAPANESE CABLE ASSETS

News, 27 June 2000


Two giant US corporations, Liberty Media and Microsoft will announce today the merging of their cable TV assets in Japan in a bid to expand their high-speed "broadband" services across the nation.

The merged operations will be Liberty’s jointly-owned (with Japan’s Sumitomo) Jupiter Telecommunications, the nation’s largest cable network, and Titus Communications, 80%-owned by Microsoft. Liberty and Sumitomo will each hold a 35% of the merged company, Microsoft will take 24%, while Toshiba and Itochu Corporation will each take a 3% stake.

Jupiter, already the largest operator in Japan, brings around 600,000 subscribers to the party, while Titus has some 150,000 cable-TV customers. Their aggregated franchise areas total around seven million homes, offering considerable scope for future expansion.

News source: Wall Street Journal