GLOBE TELECOM, INC. wants the government to intervene in Philippine Long Distance Telephone Co.’s (PLDT) planned purchase of rival Digital Telecommunications Philippines, Inc. (Digitel), claiming the possible return of a monopoly.
The National Telecommunications Commission (NTC), Globe counsel Rodolfo A. Salalima said in an April 26 letter to the agency, “cannot and must not shirk from its legal obligation to… regulate, if not forestall, the deal’s grave implications and impact on free competition and, in the long term, the common good.”
An NTC official said the planned purchase — announced last month and targeted for completion by end-June — was being reviewed following instructions from Malacañang.
A PLDT executive, meanwhile, called Globe’s appeal “regulatory blackmail.”
The questioned P69.2-billion deal involves PLDT’s acquisition of a 51.55% stake in Digitel — which owns the Sun Cellular brand — from JG Summit Holdings, which in return will get a 12.8% stake in the dominant telco.
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