In a seven-page resolution released yesterday, the 12th Division of the appellate court granted the temporary relief sought in the petition of PLDT and issued a writ of preliminary investigation against the PCC probe. Globe’s petition, however, was later on consolidated to that of PLDT before the 12th Division of the appellate court. In their separate petitions filed before the CA last month, Globe and PLDT questioned PCC’s investigation of their co-purchase of the telco assets of San Miguel. Petitioners argued the deal has been deemed approved by operation of law since they have fully complied with the terms of the transitory circulars issued by the PCC. They warned that a reversal of the transaction would result in irreparable and incalculable injury to the public service.

Source: Philippine Star August 30, 2016 16:18 UTC