On days that Rodolfo Noel “Jun” Lozada was testifying in the Senate, all the taxis that I took had the drivers tuned in to the live coverage of the Senate hearings. The drivers by now know the story of the NBN/ZTE, including the riveting kidnapping episode.
No doubt, the broadband deal has become a blockbuster. Rightly so, with a $329 million (P16.4 billion at the exchange rate of P50 to $1 at the time it was negotiated). It’s turning out to be mind-boggling in scope and audacity.
Although the title NBN/ZTE deal has already become a byword, there have been more colorful quotes from participants like “back off” or “may 200 ka dito” and the most recent “moderate their greed.”
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