OREANDA-NEWS. Jupiter Telecommunications Co., Ltd. passed a resolution during its Board of Directors concerning its merger with JAPAN CABLENET LIMITED today.

1. Background/purpose of merger:
J:COM, JCN, KDDI Corporation ("KDDI"; head office: Chiyoda-ku, Tokyo; President: Takashi Tanaka) and Sumitomo Corporation ("Sumitomo Corporation"; head office: Chuo-ku, Tokyo; President: Kuniharu Nakamura) announced the integration of J:COM and JCN on November 19, 2013.  In line with this announcement, J:COM acquired all shares of JCN on December 2, 2013 and has been preparing to merge with JCN in April 2014.  Today's J:COM Board of Directors resolution established an official date of April 1 for the merger.

The newly merged company will be seeking economies of scale by integrating brands and services as well as improved customer satisfaction by introducing new services, and will pursue further growth as a top runner among cable television companies.

2. Date of merger: April 1, 2014

3. Operating policies of newly merged company:
The newly merged company will maintain J:COM's medium-term strategies of evolving into a "community partner" by bolstering community-based services and of transitioning into a comprehensive media business group by enhancing its media content business, all the while capitalizing on its know-how in smart television services pioneered by JCN.

By leveraging KDDI's "au" (the brand's mobile phone carrier) products, marketing channels, and research and development capabilities for mobile and fixed-line as well as Sumitomo Corporation's knowledge of the media industry and its connections in various business sectors (retail business, IT, real estate, etc.), the newly merged company will endeavor to further improve service quality and maintain/expand competitiveness.