The Philippine Competition Commission (PCC), which is reviewing the acquisition of San Miguel Corp’s telecom business by the PLDT Inc. and Globe Telecom Inc, is now asking the general public to speak up on it.
An invitation posted on PCC website phcc.gov.ph calls on members of the public to say, “whether the merger will (1) substantially prevent, restrict, or lessen competition in the relevant market, or (2) adversely impact consumer welfare.”
The PCC had earlier informed the two telecom operators that the acquisition is “not deemed approved” until it has determined that the parties have complied with the rules of the Philippine Competition Act. Both PLDT and Globe think, at the same time, that they the transaction was “deemed approved.”
Mandated to evaluate mergers and acquisitions worth P1 billion and above for anti-trust practices and abuse of market dominance, PCC is currently in separate talks with PLDT and Globe after warning them that they could face penalties if found in violation of Competition Act. Through this comprehensive review, PCC aims to avoid the duopoly in the country’s telecommunications sector
The commission said the collection of public comments “is part of the process of the PCC’s ongoing comprehensive review of the subject.”
The quasi-judicial body said comments might be submitted on or before August 6.