New Philippine Watchdog To Review $1.48B Telecom Deal

By Eric Kroh (June 20, 2016, 7:15 PM EDT) -- The newly created Philippines Competition Commission on Friday dug in and said it would undertake a comprehensive review of a $1.48 billion deal between Philippine Long Distance Telephone Co. and Globe Telecom Inc. to acquire San Miguel Corp.'s telecommunications business, asserting it is empowered to do so....

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