ARTERIA|ARTERIA Networks Corporation

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  1. Notice Regarding Strengthening of Internet Access Service Business for Condominiums

Notice Regarding Strengthening of Internet Access Service Business for Condominiums

Marubeni Corporation
ARTERIA Networks Corporation
TSUNAGU NETWORK COMMUNICATIONS INC.

 

Marubeni Corporation (Head office: Chuo-ku, Tokyo; President and CEO: Fumiya Kokubu, hereinafter “Marubeni”) has agreed with ARTERIA Networks Corporation (Head office: Minato-ku, Tokyo; President and CEO: Tomitaro Anzai, 50% investment by Marubeni Group, hereinafter “ARTERIA”) that Marubeni will transfer all shares issued by TSUNAGU NETWORK COMMUNICATIONS INC. (President: Kazuo Ishizuka, 60% investment by Marubeni, hereinafter “TNC”), a subsidiary of Marubeni which has been providing internet access services for condominiums that employs a lump sum subscription for all dwelling units, to ARTERIA. This deal was approved at a meeting of the Board of Directors at TNC. As of today, TNC is a subsidiary of ARTERIA.

As of March 2016, ARTERIA and TNC are the largest and third largest companies, respectively, in the industry of internet access services for condominiums in Japan according to a survey by MM Research Institute, Ltd. With this deal, ARTERIA and TNC aim to provide additional services for their more than 500,000 combined customers and strengthen their competitive advantage. ARTERIA will also consider to improve its business efficiency and to accelerate the realization of its competitive service by strengthening collaboration with TNC in the future by integrating TNC’s internet access service business for condominiums into its business model.

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【ARTERIA Networks Corporation】
Head office: Sumitomo Fudosan Shimbashi Building, 6-9-8 Shimbashi, Minato-ku, Tokyo,
Japan
Establishment: November 4, 1997
Business Activities: Telecommunications business
Data communication service business, etc.
Capital: 5,150,010,000 Japanese yen

【TSUNAGU NETWORK COMMUNICATIONS INC.】
Head office: Shin Ohtemachi Building, 2-2-1 Ohtemachi, Chiyoda-ku, Tokyo, Japan
Establishment: January 24, 2001
Business Activities: Internet access service business for condominiums
Web solution service business, etc.
Capital: 1,500,000,000 Japanese yen
【Scheduled date of the shares transfer】
Contract day: March 21, 2017
Stock transfer day: Late March, 2017 (scheduled)

【Contact】
Media Relations Section
Corporate Communications Department
Marubeni Corporation
TEL: +81-3-3282-2452

Residential Sales Management Department
ARTERIA Networks Corporation 
TEL: +81-3-6823-0500

Managing Section
General and Legal affairs Department
TSUNAGU NETWORK COMMUNICATIONS INC.
TEL: +81-3-4477-2000

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