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Grab won't fight CCCS ruling and will pay fine
But Uber is appealing against competition watchdog's decision as a 'matter of principle'
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Grab says that despite disagreeing with parts of the Competition and Consumer Commission of Singapore's findings, it has decided not to appeal because it does not want to have the matter "drag on".
ST PHOTO: KEVIN LIM
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Apps firm Grab has decided not to appeal against an anti-competitive penalty, and will pay the $6.42 million fine imposed by the Competition and Consumer Commission of Singapore (CCCS) last month.
This was its share of a $13 million fine imposed after the commission found that Grab's takeover of rival Uber's South-east Asian business was anti-competitive.
