Billionaire John Malone’s Liberty Global Inc. announced the completion of its 37.8% holding in Jupiter Telecommunications Co.’s sale to KDDI Corp. As estimated, the profits by sale for the Englewood, Colorado based company is about 363 billion Yen, also counting a final dividend payment for 2009. ¥362 billion or $4.0 billion in cash and predicted final 2009 dividend of ¥490 per share is anticipated by Liberty.

Japan’s second-biggest mobile-phone operator KDDI planned to acquire Liberty’s stake in Jupiter last month. This decision was made to permit company offer phone services to almost 3.3 million latent households and not charging for Nippon Telegraph & Telephone Corp.’s fixed-line networks.

KDDI reframed its intentions by stating that it plans to keep 31.1% of Jupiter and put 6.7% in a trust bank following the examination of the deal’s legality resulted in an offer by Japan’s financial regulator.

In order to lift its stake of Jupiter to 40% from 27%, Sumitomo Corp. last week proposed 122 billion Yen in cash. On the Jasdaq Securities Exchange, Jupiter was up 1.2% to close at 104,800 Yen. On the Tokyo Stock Exchange, KDDI declined 2.4% to 481,000 Yen and Sumitomo slipped 2.7% to 958 Yen.