Regulators to ensure Grab-Uber deal will not erode competition | The Straits Times

The LTA added that it was reviewing a regulatory framework to license private-hire car operators “to keep the private-hire car and taxi industries open and contestable”.

The CCS said Singapore’s competition laws prohibit mergers that may result in a “substantial lessening of competition”, and indicated that it could “require the merger to be unwound or modified” to prevent an erosion of competition. It said it could also issue “interim measures” before it made up its mind.

A Grab spokesman said: “We will make a merger notification to the Competition Commission of Singapore.”

She said UberFlash – a dynamic pricing app which Uber launched with ComfortDelGro in January – will cease on April 8, while the UberEats app will run until the end of May.

Observers said ComfortDelgro’s alliance with Uber had now been overshadowed by Grab’s bold move.

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Regulators to ensure Grab-Uber deal will not erode competition, Transport News & Top Stories – The Straits Times.