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Globe Telecom Opposed to Smart’s Acquisition of Sun Cellular

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It has been recently reported that local telecommunications firm Globe Telecom urged government and concerned agencies to study the share-swap deal between Philippine Long Distance Telephone Co. (PLDT), owner of Smart Telecom, and Digital Telecommunications Philippines Inc. (Digitel), owner of Sun Cellular.

PLDT acquired Digitel for P69.2 billion, raising concerns of monopolization since there are only three telecommunications firms in the Philippines.  Among the public’s worries is the possible removal of the “Unli” promos of Sun Cellular, although PLDT has declared that it will retain the “Unli” promos.

Ernest Cu, president and CEO of Globe Telecom, reportedly called on the government to look into the impact of the deal in order to preserve the competitiveness of the industry.  Cu claims that having an anti-trust law enacted in the Philippines would help curb monopolistic tendencies of some Philippine companies.

Globe is set to continue on its strategy to focus on the consumers and deliver good customer service to its subscribers and bolster its network’s and capacity to accommodate increasing mobile broadband consumption.

Is Globe’s call for a review of the deal between PLDT and Digitel justified? What do you think?

 

13 Comments

  1. I really like it when folks come together and share ideas.
    Great website, continue the good work!

  2. An impressive share! I’ve just forwarded this onto a coworker who has been conducting a little research on this. And he actually ordered me dinner because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending the time to talk about this subject here on your web page.

  3. PLDT (Philippine Long Distance Telephone) the MOTHER Company of SMART,
    Talk & Text, Red Mobile would acquire or rather foster Sun
    Cellular…..making the Biggest Telecom Company in SouthEast Asia…..maybe
    they are a fan of the Korean Series Boys Over Flowers…SHINWAH Group –
    the most powerful & wealthiest company that could deliver every
    business deals as they wish………….

    About the NEW LOGO of SMART …. this is their way of saying “Live life extraordinarily – simply amazing”

    If you would notice lately there have been system enhancements for both
    Smart networks & Sun Cellular… first, the signal strength of both
    companies has become stronger – they even become uniform in nature” but
    then the mobile broadband will surely follow….since this is a merger
    of the giant companies, we should expect more of them in the following
    days……………………….

  4. PLDT (Philippine Long Distance Telephone) the MOTHER Company of SMART, Talk & Text, Red Mobile will now acquire or rather foster Sun Cellular…..making the Biggest Telecom Company in SouthEast Asia…..maybe they are a fan of the Korean Series Boys Over Flowers…SHINWAH Group – the most powerful & wealthiest company that could deliver every business deals as they wish………….

  5. Yes! I beleive it’s Globe’s right to be informed regarding the deal.. To avoid monopolization of PLDT if that happens..

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