Cabcharge will see a greenlight from the competition watchdog to buy the Yellow Cabs network in Queensland for $20 million dollars.
The ACCC is saying that the deal would not reduce competition because there are a variety of payment systems and the taxi industry is already under pressure from ride-sharing services like Uber.
Cabcharge entered, in February, into an agreement to buy Yellow Cabs, which has a 50 per cent market share in Brisbane.
“The ACCC found that it was unlikely the acquisition would result in Cabcharge foreclosing competition from alternative non-cash payment system providers, as there are a number of alternative systems available and it is drivers who choose which system to use,” ACCC Commissioner Roger Featherston said.
Full Content: The Sidney Morning Herald
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