Antitrust body turns to SC to resume PLDT-Globe review

ABS-CBN News

Posted at Oct 30 2018 12:23 PM | Updated as of Dec 16 2019 12:51 PM

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MANILA - The Philippines' antitrust monitor said Tuesday it asked the Supreme Court to resume its review of PLDT Inc and Globe Telecom's acquisition of San Miguel Corp's telecommunications assets.

The Court of Appeals stopped the Philippine Competition Commission from reviewing the P70 billion mega deal, 3 months after it was announced in May 2016.

"Ang ating preliminary assessment, 2 years ago, ito nga ay hindi maganda at atin sanang ipagpapatuloy ang review para tayo ay makapag impose ng kundisyon," PCC Commissioner Johannes Bernabe told DZMM.

(Our preliminary assessment 2 years ago was this would not be good and we hope our review can resume so we could impose conditions.)

San Miguel, through unit Vega Telecom, had hoped to establish a third player to challenge the dominance of PLDT and Smart.

The acquisition of Vega gave PLDT and Globe access to a 700 mHz frequency, which the companies said would make connections faster. They also offered to surrender some frequencies.

Last week, lawyers Joseph Lemuel Baligod Baquiran and Ferdinand Tecson have also asked the Supreme Court to revoke the PLDT-Globe frequency deal.