FAS cleared merger between Yandex.Taxi and Uber, subject to conditions

24-11-2017 | 11:05

On November 24, 2017 FAS agreed on the application of the Yandex N.V., Uber International C.V. for conclusion of an agreement on the creation of joint enterprise, subject to conditions.

The results of analysis of the market for the organization of information interaction between taxi drivers and passengers showed that the market is in the stage of active growth, depending on how this happens, and in this case, there will be aggregators providing services through a new convenient way to order a taxi - in the mobile device application.

At the same time, taking into account the increasing role of digital technologies in the economy and social sphere, the increasing penetration of wireless access to the Internet and the increasing share of smartphones in the total volume of subscriber units, trends and prospects for the development of the market with a "digital component" the FAS Russia decided to impose remedies aimed at promoting competition within the new cooperation conditions of passengers and drivers..

Companies should provide users with the most complete and accessible information of the legal person carrying out the transportation, with the preservation of the history of trips; should not limit the ability of partners, drivers and passengers to work with other taxi aggregators.

"Currently, there is a tendency in the market to consolidate existing players and strengthen their role in the market. At the same time, we understand that it is important to ensure the development of competition in such markets even at the very first stage, so that all market participants are on an equal footing. To effectively develop the market in conditions of fair competition, such measures should be taken by all market participants - moreover, their implementation will ensure the protection of consumer rights and interests," said Anatoly Golomolzin, the Deputy Head of FAS.