PCC approves joint venture of Mitsui & Co., KDDI units

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The Philippine Competition Commission approved the proposed joint venture between subsidiaries of Mitsui & Co. Ltd. and KDDI Corp. , according to a decision dated April 13, 2023.

KDDI Evolva will be the surviving entity, aligning with Mitsui’s strategy for Relia strategy to be a wholly-owned subsidiary. It said of the several factors supporting the approval, the market has numerous competitors offering similar services, which is good sign of a healthy market environment.

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MlaStandard /  🏆 20. in PH

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