| | The Manila Times Internet Edition | BUSINESS > Triratna upbeat, Terna balks at TransCo rebid |
 | | The Triratna consortium, one of the investor groups that failed to post a bid in the botched auction for the 25-year concession of the National Transmission Co. (TransCo), said the government’s move to rebid the grid would allow for an improved valuation of the concession. |
 | | Triratna said the sale of TransCo will send a strong signal to investors, both domestic and foreign, and build confidence in the Philippines. |
 | | However, the Italian company Terna SPA that belongs to the Citadel consortium, which was able to post a bid, has threatened to walk away from its $3-billion bid if the government chooses to hold another auction and not a negotiated sale of TransCo. |
| www.manilatimes.net /national/2007/feb/15/yehey/business/20070215bus4.html (222 words) |