MCMC issues M&A guidelines for telecoms sector

MCMC chairman Al-Ishsal Ishak said:

PETALING JAYA: The telecoms industry regulator, the Malaysian Communications and Multimedia Commission (MCMC), has issued a set of guidelines on mergers and acquisitions (M&As) that will prohibit entities from lessening the level of competition in the marketplace and it can take action against the companies if breaches are found.

The guidelines for M&As, which have been issued for the first time, come weeks after Axiata Group Bhd and Norwegian-Telenor ASA announced a proposed mega-merger to create a pan-Asian telecoms giant by merging their Asian assets.