Philippines: Opened consultation in PCC investigation into PLDT Inc.'s acquisition of Sky Cable Corporation

On 17 August 2023, the Philippine Competition Commission initiated a Phase II review and opened a consultation regarding PLDT Inc.'s proposed acquisition of 100% of Sky Cable Corporation's issued and outstanding capital stock. The consultation is open until 29 September 2023. This review follows the Phase I assessment, aiming to conduct a detailed analysis of the transaction's potential effects on competition, especially in the fixed broadband services and pay television markets nationwide. Specifically, stakeholders and interested parties are invited to submit their comments on the impact of this acquisition, including potential changes in prices and quality of services.