Grab disagrees with S'pore competition watchdog's analysis on merger

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SINGAPORE (July 6): Grab says that it has considered Singapore’s Competition and Consumer Commission’s (CCCS) decision and disagree with their analysis.

This came on the back of the CCCS saying on Thursday that the merger of Grab and Uber has significantly lessened competition in the ride-hailing business in Singapore and its proposal to fine the two parties.

(See: Singapore says Grab-Uber merger lessened competition, proposes penalties)

In an email to The Edge Singapore on Thursday, a Grab spokesperson said, “The CCCS appears to have taken a very narrow approach in defining competition... (Click here to read the full story)