| Philippines: Government gets no bidders for Eastern Telecom stake |
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| Wednesday, 21 November 2007 | |
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The Philippines’ government got no bidders in an auction for its 10.52% stake in Eastern Telecommunications Philippines. Former Ambassador Roberto Benedicto surrendered the shares to the Presidential Commission on Good Government as part of a settlement in an ill-gotten gains case against former President Ferdinand Marcos and his associates. Source: Manila Standard - WDR/Intelecon Regulatory News. |