Uber to appeal SG competition regulator's decision on Grab deal

Uber to appeal SG competition regulator's decision on Grab deal

A man checks his smartphone whilst standing amongst illuminated screens bearing the Uber Technologies Inc. logo in this arranged photograph in London, U.K., on Tuesday, June 26, 2018. Photograph: Bloomberg

Uber Technologies Inc on Monday said it will appeal a decision by Singapore’s anti-trust watchdog that its merger with Grab violated the city-state’s competition laws.

Last month, Competition and Consumer Commission of Singapore (CCCS) had slapped a $9.5-million combined fine on Uber and Grab, ruling that the former’s takeover of the latter’s Southeast Asia operations had substantially decreased competition in the local ride-hailing market. Grab was fined $4.7 million (S$6.42 million) and Uber, $4.8 million (S$6.58 million).

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