‘Options’ for easier entry of 3rd telco player being studied

The Philippine Competition Commission (PCC) wants to skirt around current rules to find a way to approve the entry of the third telco player without the burden of a comprehensive review, top officials said. In a press briefing on Wednesday, top officials said this would happen under the scenario that a third player would be created through a joint venture (JV). Under current rules, companies forming a joint venture have to notify PCC about the deal if it passes certain notification requirements. After which point, PCC would have to study the transaction to see if there are possible anti-competitive concerns. For example, the JV needs to be notified if the acquiring company costs...Keep on reading: ‘Options’ for easier entry of 3rd telco player being studied

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