Brussels, 25 March 2024
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Connect Infrastructure Pte. Limited (‘CIP’), PTCI Holdings Pte. Limited (‘PHPL’), both of Singapore, and Meralco Industrial Engineering Services Corporation (‘MIESCOR’) of Philippines.
The transaction relates primarily to the leasing of space on telecommunications towers in the Philippines.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11497.
Source – EU Commission