For Immediate Release
26 October 2017
PCC Chairman Arsenio M. Balisacan on Jack Ma’s ‘no good’ Internet experience in Philippines:
“Jack Ma just experienced what we Filipinos have been suffering from all this time. This serves as a wake-up call on telecom companies to deliver on their promise a year after they have acquired the frequencies.
“Indeed, the PCC believes that both industry and the government can implement ways to improve Internet speeds. On PCC’s part, our role is to foster competition in the telecom market. This means opening up the market to more players and leveling the playing field between incumbents and entrants, between big and small players. This translates to more choices, better quality, and affordable services to consumers.”
ABOUT JACK MA
Mr. Ma is co-founder and executive chairman of the Alibaba Group, a conglomerate of e-commerce businesses. He is the 2nd richest man in China and ranks 23rd in the Forbes’ global A-list in 2017. The Chinese tycoon was in the Philippines to receive a Doctor of Science in Technopreneurship, Honoris Causa, bestowed by the De La Salle University on October 25, 2017. During his remarks, Mr. Ma said he tried the internet in the Philippines and described it as “no good.”
The Philippine Competition Commission (PCC) is a national government agency duly mandated by law to review mergers and acquisitions for their possible negative impact on fair competition in the market. This includes the PLDT-Globe-SMC transaction, a case now pending before the courts.