PLDT, Globe Files Lawsuit Versus Philippine Competition Commission over Telco Deal with San Miguel

PLDT and Globe Telecom have filed a lawsuit against the Philippine Competition Commission (PCC) to prevent the review of their joint purchase of the telecommunications business of San Miguel Corporation. The two companies claimed they were constrained to file the petition to uphold the deemed approved status of the transaction under the terms of the PCC’s transitory circulars. PLDT and Globe acquired the…

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