Saturday, 19 August 2017

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…

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