Last week I had learned that Digitel/Sun was bought by PLDT. They have a 51.55 % ownership for the Digitel/Sun Telco, thus making them the controlling stock owner of the said firm.
In such action.. PLDT and Globe will be the only main key players for the telecommunication business in our country. Even though PLDT management said they will still be fair on service charges, and Sun's unlimited services will still be available.. Let's hope so. but I doubt it..
In my opinion this is Classic Monopoly.. Which makes consumers suffer.. Why.. They have Better control on prices of services.. dahil isa nalang kalaban Globe..
Worst case, if in the future PLDT buys Globe.. Then our telco industry will be another Meralco empire.. I hope our government,, particularly the congress enacts the passing of the Anti-trust Law.. If nothing is done, the cycle of rich people gets richer and poor people gets poorer will never end.
The government should regulate companies that have direct impact to majority of our people.
Sad fact. Classic.