WebClick Tracer

Philippines OKs Mitsui, KDDI unit merger in tech services push

By Eileen Mencias

The Philippine Competition Commission (PCC) has approved a joint venture between subsidiaries of Japanese trading house Mitsui & Co. Ltd. and telecommunications firm KDDI Corp.

The joint venture will merge the operations of Relia and KDDI Evolva, with KDDI Evolva set to be the surviving entity.

This move is part of Mitsui’s broader strategy to fully incorporate Relia as a wholly owned subsidiary.

Relia is known for its business process outsourcing services, while KDDI provides ICT solutions.

The new partnership aims to leverage Mitsui’s strategic strengths alongside KDDI’s telecommunications prowess to foster innovation and digital solutions, particularly in contact center services and IT solutions.

The PCC’s approval hinged on the presence of robust competition in the market, with numerous players offering similar services, and low barriers to entry that allow new businesses to participate, a source familiar with the matter said.

Milyonaryo | Latest News