San Miguel telco buyout - updates

Rappler's latest stories on San Miguel telco buyout

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#ThewRap: Things you need to know, April 20, 2017

Apr 20, 2017 - 11:30 AM

Hello Here are the stories you shouldn t miss this Thursday

PCC takes buyout battle with telcos to Supreme Court

Apr 19, 2017 - 3:55 PM

The Philippine Competition Commission wants to be allowed to review the transaction between San Miguel PLDT and Globe

GOES TO HIGH COURT. PCC Chairman Arsenio Balisacan (extreme left) announces the Office of the Solicitor General (OSG) filed on behalf of the PCC last Tuesday, April 18 a petition before SC to lift injunction on telco review. Photo by Chrisee Dela Paz/Rappler

CA denies PCC plea to lift TRO on San Miguel buyout review

Mar 02, 2017 - 1:19 PM

The CA s Special 12th Division orders the PCC to remove from its website its preliminary statement of concern containing an initial finding that the deal is likely to substantially prevent restrict and lessen competition in the telco industry

KEY PLAYERS. (from left) PLDT head Manuel V. Pangilinan, Philippine Competition Commission Chairman Arsenio Balisacan, and Globe chief Ernest Cu are at an impasse over the San Miguel telco buyout. File photos

Globe Telecom hikes 2016 spending to over $1B

Oct 20, 2016 - 4:29 PM

Its board of directors approves additional capital expenditure of 300 million for network expansion

HIKES SPENDING. According to Globe, the additional CAPEX of $300 million will be used for mobile network expansion ($160 million), corporate data network ($50 million), and broadband network ($90 million)

PCC: San Miguel telco deal rushed to evade PCC rules

Aug 15, 2016 - 8:30 AM

In acquiring San Miguel s assets PCC says PLDT and Globe made a conscious effort to ensure the acquisition will be beyond the reach of the law

BATTLE LINES DRAWN. PLDT and Globe remain at odds with the PCC over the San Miguel telco buyout deal. Photo of Pangilinan (L) by AFP, photo of Balisacan (R) by Malacañang

San Miguel telco buyout creates 'more barriers' to entry – experts

Aug 08, 2016 - 8:00 AM

Has the feasibility of a 3rd player in the near future been quashed by the deal? My answer is a qualified yes says a senior research fellow of the Philippine Institute for Development Studies

GAME CHANGER. Hopes of San Miguel coming in as 3rd player were shattered after the two telecom giants bought all of its assets last May. Background photo from Shutterstock

Court approves consolidation of PLDT, Globe petitions vs PCC

Aug 04, 2016 - 4:10 PM

The Court of Appeals approves Globe Telecom s urgent motion to consolidate its petition with that of PLDT – days after it junked the telco s appeal to stop gov t review of the buyout deal

BATTLE LINES DRAWN. The chiefs of PLDT, Globe and PCC maintain different stance on San Miguel telco buyout deal. Pangilinan's (left) photo by Agence France-Presse, while Balisacan's (right) photo by Malacañang

PCC tells CA: Consolidation a 'ploy to forum shop'

Jul 31, 2016 - 4:01 PM

The Philippine Competition Commission calls Globe Telecom s plea to consolidate its petition with that of PLDT as an attempt to forum shop for a more favorable ruling by the 12th Division

'PROCEDURAL ABSURDITY.' PCC says the consolidation of Globe’s and PLDT’s cases 'will prejudice the rights of [PCC] and may result into a procedural absurdity'

PLDT, Smart commit 3-year network rollout to NTC

Jul 25, 2016 - 12:35 AM

According to the network rollout plan Smart is rapidly expanding both the coverage and capacity of its LTE service

NETWORK COMMITMENT. PLDT, Smart submit 3-year network rollout planto NTC. In photo, PLDT Regulatory Head Ray Espinosa (6th from left) and PLDT-Smart Chief Technology and Information Advisor Joachim Horn (2nd from left) present copies of the plan to NTC Commissioner Gamaliel Cordoba (3rd from left). Photo from Smart Communications

CA junks Globe's plea to stop review of San Miguel telco buyout

Jul 22, 2016 - 10:43 PM

The undue haste exhibited by the parties to run to the courts to stop PCC s review is now confirmed as unjustified the Philippine Competition Commission says

NOT A TYPICAL DEAL. With San Miguel entrusting its prized 700 megahertz spectrum to Globe and PLDT, will this mean better, more reasonable Internet services for subscribers? Photo from Shutterstock

Battle lines drawn over San Miguel's telco buyout deal

Jul 21, 2016 - 9:27 PM

The Philippine Competition Commission argues the deal between PLDT Globe and San Miguel falls within the scope of its review

KEY PLAYERS. (from left) PLDT head Manuel V. Pangilinan, Philippine Competition Commission Chairman Arsenio Balisacan, and Globe chief Ernest Cu are at an impasse over the San Miguel telco buyout. File photos

PCC, telcos meet to discuss San Miguel telco buyout

Jul 10, 2016 - 6:30 PM

After the dialogue the PCC stands by its position that PLDT s and Globe s acquisition of SMC s telco business is not deemed approved

REMAINS HANGING. The acquisition of San Miguel's telco assets by PLDT and Globe remains hanging. In the photo: Manuel V. Pangilinan (L) laughs with Ray Espinosa (R) on a comment on PLDT and Globe's marriage. Photo by Chrisee Dela Paz/Rappler

PLDT, Globe resubmit SMC telco buyout report to PCC

Jun 16, 2016 - 8:10 PM

But PLDT and Globe clarify they are not abandoning their stance that the deal is already deemed approved and may no longer be challenged by the PCC

STERN TEST. Philippine Competition Commission (PCC) Chairman Arsenio Balisacan (center) tells PLDT head Manuel V. Pangilinan (left) and Globe chief Ernest Cu (right) that they cannot proceed with the terms of the deal until the PCC approves their report.

PLDT, Globe shares down as PCC keeps an eye on SMC telco deal

Jun 13, 2016 - 5:30 PM

UPDATED The PCC warns PLDT and Globe of possible violations should they not comply with the watchdog s rules

FACES STERN TEST. PCC Chairman Balisacan (center) tells PLDT head Pangilinan (left) and Globe chief Cu (right) that they cannot proceed with the terms of the deal until the agency approves their report

PCC rejects PLDT, Globe report on San Miguel telco buyout

Jun 10, 2016 - 6:52 PM

UPDATED Despite the anti trust body s decision PLDT and Globe firm up their stance saying the PCC has no power to undo their deal based on its claim

'NOT DEEMED APPROVED.' The chairman of PCC says the telco buyout deal is 'not deemed approved'