Grab defends position in Uber deal to Singapore’s anti-monopoly watchdog
Grab said on Friday (Jul 27) it disagreed with the Singapore anti-monopoly watchdog’s assessment that its takeover of Uber’s operations had harmed competition and called the commission’s suggested measure of removing exclusivity arrangements with drivers “one-sided”.
Earlier this year, Uber sold its Southeast Asian business to bigger regional rival Grab in exchange for a stake in the Singapore-based firm. But the deal has prompted regulatory scrutiny.
In early July, the Competition and Consumer Commission of Singapore (CCCS) provisionally found that the merger had substantially reduced competition and suggested various remedies, such as the sale of their car-leasing businesses and removing exclusivity obligations on drivers who use Grab’s ride-hailing platform.
The CCCS is set to make a decision after Grab submitted its representation this week, and also taking into account public feedback. It has proposed fines on the firms.
(Read More: Channel News Asia)