SINGAPORE - Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state's competition laws, the firm said on Monday.
Last month, Singapore slapped ride-hailing firms Grab and Uber with fines and imposed restrictions on their operations open up the market to competitors, after concluding that their merger had driven up prices. It fined Grab S$6.42 million ($4.7 million) and Uber S$6.58 million.
Uber said it was making the appeal independently of Grab, as a matter of principle. Grab did not provide immediate comment, but its Singapore head told the Straits Times newspaper on Monday that the company would not appeal the regulator's decision.
The Competition and Consumer Commission of Singapore's ruling that the transaction led to a substantial lessening of competition, and that Uber had intentionally breached the law, was "unsupported and incorrect", Uber said in a statement.
Uber asked the CCCS to annul its fine, and said the regulator had used a very narrow definition of the ride-hailing market.