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

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Digi, Celcom's proposed merger outside of MyCC purviewCompetition Act does not apply to telecommunications and multimedia sector.
Source: malaysiakini - 🏆 20. / 51 Read more »

Umno Youth calls for MyCC to probe business model used in 5G network rolloutKUALA LUMPUR: The Malaysia Competition Commission (MyCC) should probe the business model utilised in the 5G network rollout by Digital Nasional Berhad (DNB), says Umno Youth.
Source: staronline - 🏆 4. / 75 Read more »

Proposed 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). 😂😂😂
Source: staronline - 🏆 4. / 75 Read more »