What Went Before: The NBN-ZTE deal
Philippine Daily Inquirer
December 30th, 2011
On April 21, 2007, the government signed the $329-million National Broadband Network (NBN) deal with China’s ZTE Corp.
The project, which called for the installation of a telecommunications network linking government offices throughout the country, was signed in China by then Communications Secretary Leandro Mendoza and ZTE vice president Yu Yong. It was witnessed by then President Gloria Macapagal-Arroyo.
ZTE initially offered $130 million for the project.
On Sept. 18, 2007, Jose de Venecia III, cofounder of Amsterdam Holdings Inc., which was bypassed in the project’s bidding, testified in the Senate blue ribbon committee that Jose Miguel Arroyo, the husband of the President, had intervened to get the ZTE deal approved, a charge the latter denied.
http://newsinfo.inquirer.net/119639/what-went-before-the-nbn-zte-deal-2


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