Proposed telco merger outside MyCC's purview, CEO says

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PETALING 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).

He added that MyCC’s current amendment exercise aimed at introducing a merger control regime in Malaysia was also on track but highlighted that several sectors were excluded from its purview such as those under the MCMC.“At the same time, we hope that future decisions by MyCC on merger applications will be the main reference and guide for all other authorities in ensuring a consistent and robust policy landscape that will create certainty in the market,” he said.

Iskandar said that while the Competition Act 2010 applies to any commercial activity within Malaysia, the Act clearly states that it does not apply to commercial activities in four sectors.

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Article Details

Author / Journalist: GERARD GIMINO

Category: Economy

Topics: Telco Merger Purview Telcos /News/Nation MyCC MCMC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 11:39:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 244 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 26363

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About The Star Business

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

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Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #22

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