Cable Operator J:COM Defies Economy to Maintain Subscriber Growth
TOKYO – Jupiter Telecom (J:COM), the country’s biggest cable and multi-systems operator, has continued to add subscribers despite the tough economic conditions, signing up 205,000 in the year to October, to take total cable customers to 2,865,000.
The healthy 7.7 percent growth in J:COM’s cable subscribers was outpaced by the growth in internet and telephone services, which increased 7.9 percent and 12.5 percent, respectively. The continued expansion in all three services gave J:COM a total of 6,844,800 RGU (revenue generating units), up 9.2 percent on last year.
Liberty Global sold its 37.8 percent stake in J:COM to telecoms company KDDI for $4 billion last year, setting off a tussle for control with Sumitomo, a major trading firm and founder of J:COM. The three companies eventually came to an agreement on an alliance intended to develop synergies between their overlapping telecoms, cable, contents and advertising businesses.