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ZTE execs to discuss loan details in closed-door session

Posted by Mai on September 29th, 2007

INQUIRER.net
ZTE execs to discuss loan details in closed-door session

By Dona Pazzibugan
Inquirer

MANILA, Philippines — OFFICIALS OF China’s ZTE Corp. have refused to make public the details of its $329-million loan contract with the Philippine government to put up a National Broadband Network.

Its lawyers from the Angara Abello Concepcion Regala and Cruz (Accra) law office have told the Senate that they would discuss the details of its supply contract only with the Department of Transportation and Communications in a closed-door, executive session.

Discussions during an executive session cannot be revealed to the public.

Read rest of this story here:
INQUIRER.net

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