NTC hearing on PLDT-Digitel deal on May 23
PLDT‘s acquisition of Digitel is still in the works and is not final (see original story here). NTC has yet to approve of this sale before it pushes thru. As such, the commission has set a hearing this May 23, 2011.
The hearing will allow all parties who oppose to the deal to state their case. Even the Office of the President has tasked the Justice Department to look into the deal to see if the merger is aligned with consumer’s interest (the deal has sparked issues of anti-trust). I’m sure reps of Globe Telecom will be there as they’ve been very vocal about this case from the very beginning.
We’ve already said our piece here before (Merging Smart & Sun not good for consumers?) and pondered on the reasons why PLDT made this move.
Do you guys agree that PLDT should be allowed to buy Digitel/Sun Cellar?