Cable Technology Feature Article
Former Foes KDDI, Sumitomo Form Alliance, Along with Jupiter (The Object of Their Affection)
By Paula Bernier, Executive Editor, IP Communications Magazines
Sumitomo earlier this year offered as much as 122 billion yen ($1.35 billion) to raise its stake Jupiter, challenging KDDI's efforts to become that company's largest shareholder. Sumitomo apparently made that move given Jupiter was responsible for 12 percent of its profit in the nine previous months.
Edited by Marisa Torrieri