THE Philippine Competition Commission (PCC) came out with a Preliminary Statement of Concerns on Aug. 25 on the acquisition by PLDT and Globe Telecom of San Miguel Corporation’s (SMC) telecommunications assets. Coincidence or not, it’s strange that PCC issued this document a day before the Court of Appeals (CA) granted PLDT’s motion for a writ of preliminary injunction to stop PCC from reviewing the P70-billion deal.
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