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PLDT, Globe Telecom give in to Philippine antitrust commission’s demands in San Miguel deal

( June 17, 2016, 05:12 GMT | Insight) -- Philippine telecommunications giants PLDT and Globe Telecom have re-submitted the notice of transaction for their acquisition of San Miguel Corp’s telecom assets after the Philippine Competition Commission rejected their initial filing, the Philippine Inquirer reports. Philippine telecommunications giants PLDT and Globe Telecom have re-submitted the notice of transaction for their acquisition of San Miguel Corp’s telecom assets after the Philippine Competition Commission rejected their initial filing, the Philippine Daily Inquirer reports. Globe, however, maintained the resubmission was given “as a matter of respect,” and that they continue to disagree with the competition regulator’s findings that their initial submission on May 30, 2016 was deficient. Both companies also maintain the position that the deal is deemed approved and can no longer be challenged by the PCC. PLDT lawyer Ray C. Espinosa said the telcos made separate submissions to the PCC on June 16, 2016....

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