Japan's top cable TV firm poised to buy main rival: Report
TOKYO (AFP) - Japan's biggest cable television operator JCOM is eyeing an acquisition of its main domestic rival, Japan Cablenet, which would see it control half of the country's market, a report said on Saturday.
JCOM, also known as Jupiter Telecommunications, had a roughly 39-per cent share of the domestic market for cable pay television services in the year to March 2012, while Japan Cablenet held about 11 per cent.
The combined firm would be 50-50 owned by trading house Sumitomo and telecom firm KDDI in a bid to challenge Japan's top telecom operator NTT, the business daily Nikkei said.
NTT, which dominates the broadcasting and telecommunications sectors, has been luring subscribers recently by providing services through its fiber-optic networks.