Rapid Holdings 2 Pte. Ltd., Singapore
Case brief
What is this about?
Disposal of a notice regarding acquisition of RITL tower business by Brookfield through Rapid. Commission found no horizontal or vertical overlap, concluded no appreciable adverse effect on competition, and approved the combination.
What did the court decide?
Approval of proposed combination as not likely to have appreciable adverse effect on competition.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA (Combination Registration No. C-2017/01/475)
16th March, 2017
Notice under Section 6 (2) of the Competition Act, 2002 given by Rapid Holdings 2 Pte. Ltd.
CORAM:
Mr. Devender Kumar Sikri Chairperson
Mr. S.L. Bunker Member Mr. Sudhir Mital Member
Mr. Augustine Peter Member Mr. U.C. Nahta Member Mr. G.P. Mittal Member
Legal Representative: Shardul Amarchand Mangaldas & Co.
Order under Section 31(1) of the Competition Act, 2002
- On 18th January, 2017, the Competition Commission of India (hereinafter referred to as the “ Commission ”) received a notice filed by Rapid Holdings 2 Pte. Ltd (“ Rapid” ). The notice was filed pursuant to the Acquisition Agreement dated 21st December, 2016, entered into between Reliance Infratel Limited ( “RITL” ), Towercom Infrastructure Private Limited ( “Towercom” ), Rapid, Reliance Communications Limited ( “RCOM” ) and Reliance Communications Infrastructure Limited ( “RCIL” ). (Hereinafter Rapid, RITL, and Towercom are collectively referred to as “Parties” )
Issues for consideration
1 issue framed by the court
Whether the proposed combination involving acquisition of telecom tower business is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- appellant
Competition Commission of India
Coram
Devender Kumar Sikri
S.L. Bunker
Sudhir Mital
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court