Date: Feb 02, 2016
Liberty Times (LT): How do you view the blitzkrieg approval [by the
National Communications Commission (NCC)] of FET’s acquiring of CNS [through bond purchases of Morgan Stanley Private Equity Asia’s subsidiary North Haven Private Equity Asia IV LP, which in turn bought a 60 percent stake in CNS from South Korean private equity firm MBK Partners LP]?
Huang Kuo-chang (黃國昌): In short, the public was blindsided by the Fair Trade Commission (FTC) and the NCC. They rammed the deal through when the legislature was out of session and in the middle of a busy campaign season [for the Jan. 16 elections], when everyone was distracted.
The NCC held its public hearing 10 days ago on the pretext that the FTC had already approved the case, and the hearing itself was a staged performance, with no NCC members attending, and criticism of the deal ignored. Two days later, the deal was put on the NCC’s agenda, followed by its quick approval. [FULL STORY]