Malaysia: Grab says its unaware of breaching antitrust law in Uber deal

Grab stated it is unaware of any breach of Malaysian competition laws since its acquisition of rival Uber Technologies’s Southeast Asian operations in March last year.

The ride-hailing provider, said in a statement it acquired Uber’s Asean unit in good faith, and to provide more benefits to the public.

“Grab plays a complementary role in the entire public transportation ecosystem in Malaysia, most often serving the first-mile-last-mile needs of commuters…. Today, commuters in Malaysia continue to have the choice of getting from one point to another through public transport, street-hail taxis or more than 30 other licensed e-hailing apps,” said a Grab spokesperson. 

The ride-hailing firm was responding to a Bloomberg news report, which stated that the Malaysia Competition Commission (MyCC) is advancing an anti-monopoly investigation into Grab to bring greater competition to Malaysia’s economy. Quoting Iskandar Ismail, the CEO of MyCC, the report stated the anti-monopoly watchdog was stepping up a probe into Grab, although there were no details given on the specific steps the Commission was taking.

Full Content: Deal Street Asia

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