Thursday, 21 June 2018

Globe, PLDT file lawsuit to block review of San Miguel deal

By Nick Wood, Total Telecom
Wednesday 13 July 16

Philippine telcos insist competition watchdog has no legal basis to investigate €1 billion acquisition.

Globe Telecom and PLDT have filed a lawsuit in a bid to stop the Philippine Competition Commission (PCC) reviewing their joint acquisition of San Miguel Corp's (SMC's) telco assets. The two operators insist they have complied with the regulator's rules and that the deal is exempt from being investigated. Despite their claims, the PCC is in the process of carrying out a review…

Globe Telecom and PLDT have filed a lawsuit in a bid to stop the Philippine Competition Commission (PCC) reviewing their joint acquisition of San Miguel Corp's (SMC's) telco assets. The two operators insist they have complied with the regulator's rules and that the deal is exempt from being investigated. Despite their claims, the PCC is in the process of carrying out a review…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry