Antitrust authority, The Philippine Competition Commission (PCC) has expressed their concerns regarding the Grab-Uber merger in a press release. They say that it will have a “far-reaching impact” on commuters and transport services alike.
They have also said that they recognize that the removal of Uber from the equation will result in Grab achieving virtual monopoly until new ride-sharing players enter the market.
The PCC has met with both companies to determine whether or not the deal can actually be approved, in compliance with the Philippine Competition Act, which exists to ensure real competition in a given market.
The commission will be reviewing the transaction to see if it is notifiable. The criteria for an acceptable threshold of the size of transaction is:
If anticompetition issues arise, both parties “may propose commitments to remedy, mitigate, or prevent the negative effects to competition in the market after the acquisition.” On the flip side, non-cooperation from both parties gives the PCC grounds to flat out block the deal.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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Turtle says:
Yeah right, PLDT and Globe are 2 different company…are they not “monopolizing” the whole market? Are they not over charging consumers? Does the Philippine Competition Act applies to these Companies where REAL competitions are given to market which benefits us..the consumers???
Kris Aquino says:
Ooh myyy gooood! Please, don’t make pasara my negosyo! Bimbi will be saaaad and Josh won’t have anymore pera for his *toooooooooot*.