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Globe and PLDT file lawsuits to block PCC review of San Miguel deal

Connectivity BusinessbyConnectivity Business
July 12, 2016
in Government and Legal, Investments, Space Services
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Philippine telcos Globe Telecom and PLDT have filed for a temporary restraining order or injunction to prevent the Philippine Competition Commission (PCC) from reviewing their planned PhP69.1bn (US$1.48bn) acquisition of San Miguel Corp’s telecoms assets. PLDT regulatory affairs head Ray Espinosa said today that the transaction has already been “deemed approved” under PCC rules. Philippine telcos Globe Telecom (PSE:GLO) […]

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