MyCC has no authority over merger of telcos, says CEO Iskandar Ismail

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MyCC has no authority over merger of telcos, says CEO Iskandar Ismail
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KUALA LUMPUR, July 2 ― The Malaysia Competition Commission (MyCC) has no authority to intervene in the proposed merger between Digi Bhd (Digi) and Celcom Axiata Bhd (Celcom),...

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KUALA LUMPUR, July 2 ― The Malaysia Competition Commission has no authority to intervene in the proposed merger between Digi Bhd and Celcom Axiata Bhd , said its chief executive officer Iskandar Ismail.

“Although the Competition Act 2010 applies to any commercial activity in Malaysia, the same Act stipulates that it does not apply to commercial activities under four sectors, including the telecommunications and multimedia sectors As such, he said, MyCC would leave the matter of the proposed merger at the MCMC’s discretion, adding that he believed that the commission has conducted a comprehensive assessment and scrutiny before approving the merger.

“We hope MyCC’s decision on future merger applications will be a key reference and guide to all other authorities to ensure a consistent and robust policy landscape that will create certainty in the market,” he said.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

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Digi, Celcom's proposed merger outside of MyCC purviewDigi, Celcom's proposed merger outside of MyCC purviewCompetition Act does not apply to telecommunications and multimedia sector.
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Proposed telco merger outside MyCC's purview, CEO saysProposed telco merger outside MyCC's purview, CEO saysPETALING JAYA: The proposed merger between Digi Bhd (Digi) and Celcom Axiata Bhd (Celcom) does not lie within the purview of the Malaysia Competition Commission (MyCC). 😂😂😂
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