GMO Internet, Inc. (TSE:9449) and GMO AD Partners Inc. (JASDAQ:4784) acquired 50.4% stake in TownWiFi Inc. from third party investors on November 18, 2019. GMO Internet, Inc. has acquired 6,513 shares representing 45.4% stake and GMO AD Partners Inc. has acquired 717 shares representing 5% stake in TownWiFi Inc. As a result of this acquisition, TownWiFi will become a consolidated subsidiary of GMO Internet. The impact of this launch on the consolidated business performance for the year ending December 31, 2019, is insignificant.

GMO Internet, Inc. (TSE:9449) and GMO AD Partners Inc. (JASDAQ:4784) completed the acquisition of 50.4% stake in TownWiFi Inc. from third party investors on November 18, 2019.