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Globe-PLDT purchase of San Miguel assets to undergo “comprehensive review”

Connectivity BusinessbyConnectivity Business
June 17, 2016
in Government and Legal, Investments, Space Services
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The Philippine Competition Commission (PCC) has formally notified Globe Telecom (PSE:GLO) and PLDT (PSE:TEL) that it will launch a “comprehensive review” of their planned PhP69.1bn (US$1.48bn) acquisition of San Miguel Corp’s (PSE:SMC) telecoms assets. The PCC said its review would include an assessment of the market and how the proposed deal would be likely to affect […]

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Tags: Asia PacificGlobe TelecomPhilippine Long Distance Telephone (PLDT)PremiumSan Miguel Corporation (SMC)TF247
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