EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 22/03/2024

In electronic form on the EUR-Lex website under document number 32024M11497

EUROPEAN COMMISSION

Brussels, 22.3.2024 C(2024) 2049 final

PUBLIC VERSION

Connect Infrastructure Pte. Limited 1 Temasek Avenue #09-01 Millenia Tower 039192 Singapore Singapore

Meralco Industrial Engineering Services Corporation 5th Floor, Renaissance Tower 1000 Meralco Avenue, Barangay Ugong Pasig City, Metro Manila Philippines

PTCI Holdings Pte. Limited #9 Straits View #21-07 Marina One West Tower 018937 Singapore Singapore

Dear Sir or Madam,

(1) On 27 February 2024 the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation, by which Connect Infrastructure Pte. Limited (“CIP”, Singapore), belonging to the Stonepeak group that is controlled by Michael Dorrell, Meralco Industrial Engineering Services Corporation (“MIESCOR”, Philippines), controlled by Pilipinas Enterprise Management Holdings, Inc., (Philippines), and PTCI Holdings Pte. Limited (“PHPL”, Singapore), jointly controlled by Macquarie Group Ltd. (Australia) and Global Network Inc. (United Arab Emirates), will acquire within the meaning of

1() OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology of the TFEU will be used throughout this decision.

2() OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË – Tel. +32 22991111

Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of Pylon Holdings, Corp. (“PHC”, Philippines).

The concentration is accomplished by way of purchase of shares in a newly created 3 company constituting a joint venture. ( )

(2) The business activities of the undertakings concerned are the following:

– CIP is an investment holding company which, together with MIESCOR, jointly controls MIESCOR Infrastructure Development Corporation (“MIDC”), a corporation engaged in the business of leasing space on telecommunications towers in the Philippines,

– MIESCOR is primarily involved in engineering, construction and design services,

– PHPL is an investment holding company. It holds indirectly 100% of Phil-Tower Consortium Inc. (“PTCI”), a corporation engaged in the business of leasing space on telecommunications towers in the Philippines.

(3) The business activities of the undertaking PHC are the following: The company is a newly created entity which will continue to operate the existing businesses of MIDC and PTCI, namely the leasing of space on telecommunications towers in the Philippines.

(4) After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(a) of the Commission Notice on a simplified treatment for certain 4 concentrations under Council Regulation (EC) No 139/2004. ( )

(5) For the reasons set out in the Notice on a simplified treatment, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed) Olivier GUERSENT Director-General

3() OJ C, C/2024/2118, 11.03.2024.

4() OJ C 160, 5.5.2023, p. 1 (the ‘Notice on a simplified treatment’).

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