CVC buys 50% stake in Japan’s Arteria for $150m

The deal marks CVC’s third investment in an Asian broadband firm and comes as it seeks to sell out of Hong Kong Broadband Network and Indonesia's PT Link Net.

CVC Capital Partners agreed to pay $150 million for a 50% stake in Japanese telecoms carrier Arteria Networks from Japanese trading house Marubeni.

Arteria is one of only four operators in Japan with a nationwide fibre network infrastructure.

The deal marks London-headquartered CVC’s third investment in an Asian broadband firm.

There are many areas of potential synergies with CVC's telecom assets which we would look to pursue in order to accelerate Arteria's Asian expansion, said Hikaru Minami, a managing executive officer at Marubeni.

CVC bought Hong Kong Broadband Network HKBN in 2011, the second-largest broadband operator in Hong...

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