One of the hottest news items currently circulating around, aside from the Wowowee Wilyonaryo scam allegations, is that of the involvement of Philippine COMELEC Chairman, Benjamin Abalos Sr. in the controversial National Broadband Network (NBN) Project deal involving ZTE Corporation.
The $329-million NBN Project aims to interconnect all Philippine national and local government agencies, including the “barangay” offices of all local government units (LGUs). This is expected to enhance the delivery of services to the people by reducing the time used for waiting for decisions and replies to queries.
News reports have it that ZTE Corp. allegedly won the NBN Project bid because of huge bribes or pay-outs given to certain government officials in addition to some “maneuvering” done by Chairman Abalos on behalf of ZTE. They won even though the proposal was said to be grossly over-priced when compared to other NBN Project bid offers submitted by other entities such as Amsterdam Holdings, Inc. ($240 million) and Arescom ($130 million).
ZTE Corporation is China’s largest listed telecommunications manufacturer and wireless solutions provider. Founded in 1985, ZTE Corporation has been listed as an A-Share company on Shenzhen Stock Exchange since 1997 (click here).