Court Rejects Globe Telecom’s Petition on PCC’s Review of San Miguel Telco Buyout

The Court of Appeals rejected a petition filed by Globe Telecom questioning the power of the Philippine Competition Commission (PCC) to review the telco buyout of San Miguel Corporation. PLDT/Smart also filed a separate petition, but this has yet to be acted upon by the court. Declaring that it is tasked to safeguard free and fair competition, the PCC wants to scrutinize the transaction to ensure no adverse effects on public welfare…

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