ICCC AND TELIKOM HOLD TALKS OF MERGER

Loop PNG – Thursday, February 16, 2017 9:12 pm

By Cedric Patjole


An informal discussion has taken place between Independent Consumer and Competition Commission (ICCC) and Telikom PNG over the proposed merger of the former, DataCo and BeMobile.
ICCC Commissioner and CEO, Paulus Ain, met with Telikom PNG Board Chairman, Mahesh Patel, yesterday following media statements made early in the week.
It was announced on Monday that Cabinet approved the transfer of the shares of DataCo and Bemobile to Telkiom.
During the informal discussion Patel assured Ain and guaranteed that appropriate competition requirements are met prior to completing the proposed merger.
In a statement, Ain said he was grateful for Patel to come forward and inform ICCC of the proposed merger.
“This is because under the Independent Consumer and Competition Act 2002 (ICCC Act) is is an offence if a company enters into or gives effect to a merger or business acquisition that is anti-competitive.
“As a result companies should notify the ICCC of a proposed merger or business acquisition so that the ICCC can undertake a proper competition assessment to identify the anti-competitive effects, including the public benefits of such arrangements.”
 “The ICCC Act also allows for companies to either apply for a clearance or an authorization which when granted by the ICCC, gives the company protection from any legal action by ICCC, including third party legal action,” said Ain.


He added “the ICCC looks forward to working closely with the company, its board and other parties to the proposed merger to ensure competition in PNG’s telecommunications industry is one that is robust and promotes benefits for both businesses and consumers.”
Ain urged local and other foreign companies to follow Telikom’s lead.
Loop file picture

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