Anti-trust body closely watches PLDT’s full acquisition of Sky Cable for P6.75b READ MORE:
PCC noted that the previous acquisition plans involving PLDT and Sky Cable were rescinded in 2020 and 2022 for various reasons, including PLDT’s own assessment of possible overlaps with Sky Cable in their products and services.
The PCC reiterated its mandate, which is to evaluate the effect of acquisitions in relevant markets and its effects on consumers, whether the transaction will result in fewer choices and lesser competition.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Antitrust body monitoring PLDT-Sky Cable agreement | Lorenz S. MarasiganWhile the multibillion-peso acquisition by the PLDT Inc. of the broadband business of Sky Cable Corp. has yet to be notified to the Philippine Competition Commission (PCC), the anti-trust watchdog said it is “monitoring the developments surrounding the proposed transaction.” PLDT announced last Thursday that it entered into a share…
Read more »
Fil-Am New Yorkers rally vs anti-Asian hate crimesFilipino Americans gathered at Father Duffy Square Park, Times Square in New York City (NYC) on Friday, March 17, to denounce anti-Asian hate crimes.
Read more »
Palace touts anti-drug campaign; P1.37-B drugs seizedThe Philippine Drug Enforcement Agency (PDEA) confiscated about P1.37 billion worth of illegal drugs in various operations from November 2022 to February this year, Malacañang said on
Read more »
Mysterious streaks of light seen in the sky over CaliforniaMysterious streaks of light were seen in the sky in the Sacramento area Friday night, shocking St.
Read more »
Protesters denounce UK plan to halt migrants' Channel crossingsLONDON, United Kingdom -- Anti-racism protesters marched in London on Saturday to denounce the government's controversial plan to tackle cross-Channel migrant crossings by preventing arrivals from applying for asylum.
Read more »
3 drug suspects nabbed in Zambales buy-bust; P138,000 shabu seizedSAN ANTONIO, Zambales - Anti-narcotics agents arrested three individuals in a makeshift drug den following a buy-bust operation in Barangay Del Pilar, Castillejos, Zambales town Saturday
Read more »