Monday, September 10, 2007

Something does not compute

Opposition leader Sen. Panfilo Lacson on Tuesday revealed that three people in the government asked for millions of dollars in kickbacks for the P329-million national broadband network (NBN) deal with China's ZTE Corp.


NBN project was originally awarded to ZTE Corp. with a $130 million contract price. He said ZTE Corp.'s bid was the lowest compared to the offers made by other firms.

If the Senator's allegation is true, ZTE will be losing money because it's paying more in kickbacks than what it could possibly gain from the project. I don't think it would go that far just to lose money.

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