Court Stops Anti Trust Investigation in Telco Sector

The Court of Appeals has stopped the investigation of the Philippine Competition Commission (PCC) on the P70-billion buyout of the telecommunication assets of San Miguel Corporation by industry giants PLDT and Globe Telecom. The order specifically prohibits the anti-trust body from conducting further proceedings for the pre-acquisition review and/or investigation of the subject acquisition. PLDT and Globe had argued the deal…

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