Japanese cable TV group to start selling electricity

From cable television to electricty sales.

This is Jupiter Telecommunications' new business direction.

The leading cable television operator announced it will start selling electricity to condominiums in December.

The company will receive electricity supply from Summit Energy Corp., an affiliate of major trader Sumitomo Corp., for the power retail business.

The electricity rate will be about 10 percent lower than ordinary rates for subscribers to Jupiter's CATV and broadband communications services. Jupiter is aiming to increase the number of subscribers through the launch of electricity sales.

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