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​Philippine competition watchdog suffers legal setback in PLDT, Globe case

( October 14, 2016, 07:11 GMT | Insight) -- The Philippine Competition Commission has lost its bid to prevent the consolidation of PLDT and Globe Telecom’s lawsuits against its review of their $1.5 billion joint acquisition of San Miguel Corp’s telco assets, Businessworld reports. The Philippine Competition Commission has lost its bid to prevent the consolidation of PLDT and Globe Telecom’s lawsuits against its review of their $1.5 billion joint acquisition of San Miguel Corp’s telco assets, Businessworld reports. The Court of Appeals ruled that there was no basis to grant the commission’s motion, as it was clear that both cases involved similar issues and factual antecedents. At the same time, the court rejected Globe Telecom’s motion to set aside a July 15 resolution denying its request for an order to temporarily halt the commission's review of the deal while the case is ongoing....

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