The Competition and Consumer Commission of Singapore (CCCS) has determined that after ride-hailing firm Grab’s acquisition of US rival Uber’s South-east Asian business the merged company has abused its dominance and infringed on competition laws.
In a statement released on Thursday, July 5, the CCCS announced it has issued a Proposed Infringement Decision against Grab and Uber in relation to the sale of Uber’s South-east Asian business to Grab.
In the decision, CCCS “provisionally” found that the deal had led to a substantial lessening of competition in point-to-point transport services in Singapore. The CCCS said taxi-booking services do not provide enough competition, accounting for less than 15% market share of the ride-hailing market.
A review of the merger by the Philippines Competition Commission, triggered by findings that ride-share rates had increased in the country after the merger, was recently suspended after remedies offered by Grab allayed anti-competitive concerns.
Full Content: Bloomberg
