PLDT files TRO against Philippine Competition Commission
PLDT has fired the first shot after it filed a Petition for Certiorari and Prohibition with an application for a Temporary Restraining Order (TRO) against the Philippine Competition Commission (PCC) with the Court of Appeals.
The PCC confirms that today, PLDT filed a Petition for Certiorari and Prohibition with an application for a Temporary Restraining Order (TRO) against the PCC with the Court of Appeals. We received a copy of the Petition today and will take action immediately.
PLDT is seeking to prevent the PCC from exercising its mandate to review this transaction.
We are disappointed that they have decided to resort to a lawsuit against the PCC to prevent a comprehensive review of this deal.
While the PCC is working on an expedited basis to complete the review as quickly as possible, PLDT in their recent action have now sought to delay resolution of an issue which is of great importance to public interest and welfare.
We are confident that our courts will recognise the significance of protecting consumers and promoting competition in the market, and the authority of the PCC to independently exercise its mandate.
Philippine Competition Commission
12 July 2016
PLDT is blocking the PCC investigation for the acquisition of San Miguel telco assets.