PRESS STATEMENT
Re: PLDT-Sky Cable Transaction
17 March 2023

The Philippine Competition Commission (PCC) is monitoring the developments surrounding the proposed transaction between PLDT, Inc. and Sky Cable Corp. after their disclosures to the public.

The PCC notes that previous acquisition plans involving PLDT and Sky Cable have been rescinded in 2020 and 2022 for various reasons, including PLDT’s own assessment then of possible overlaps with Sky in their products and services.

As market conditions and the modality of the transaction may have changed since then, the PCC remains open to notification consultation with parties to ensure proper and timely review of transactions.

The competition authority’s mandate is to evaluate the effect of acquisitions in relevant markets and its effects on consumers, such as whether the transaction will result in fewer choices and lesser competition.

—Philippine Competition Commission 

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Link: https://www.phcc.gov.ph/press-statements/pldt-skycable3/