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PLDT's planned takeover of Sky Cable's broadband business faces antitrust roadblock in Philippines

By Jet Damazo-Santos ( October 20, 2023, 00:50 GMT | Insight) -- Philippine telecommunications leader PLDT's bid to acquire ABS-CBN's Sky Cable is facing a roadblock, after the country’s competition regulator raised a number of concerns about the takeover deal, MLex has learned. The Philippine Competition Commission's mergers office believes the deal could substantially reduce competition in the markets for distribution of fixed-broadband services and paid-video content, according to an excerpt of the statement seen by MLex.  Philippine telecommunications leader PLDT's bid to acquire ABS-CBN's Sky Cable is facing a roadblock, after the country’s competition regulator raised a number of concerns about the takeover deal, MLex has learned. ...

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