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Developer 8990 Holdings offers to settle abuse of dominance charge in the Philippines

( August 5, 2019, 08:16 GMT | Official Statement) -- MLex Summary: Philippine-listed property developer 8990 Holdings confirmed that it has offered to settle its dominance abuse charge with the Philippine Competition Commission. In a statement filed with the Philippine Stock Exchange today, the company said the antitrust regulator will publish the settlement for public comments before officially acting on it. The property developer is accused of abusing its dominance by blocking the entry of Internet service providers other than Itech Rar Solutions, with which it allegedly had an exclusivity arrangement, to a low-cost condominium development it owns in Tondo, Manila.Excerpts from the company's statement to the stock exchange follows:...

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