Subject: [NEXTEL-1] Boardroom war at Nextel International

From: Marcel <[email-masked]>
Date: Sun, 17 Nov 2002 00:39:17 -0500

Philstar.com
Sunday, October 20, 2002

Another feat
HIDDEN AGENDA by Mary Ann Ll. Reyes

Boardroom war at Nextel International

The majority and minority owners of Nextel Philippines are
engaged in a boardroom war of sorts and are now trying to
ease each other out of the board.

The majority owners, consisting of Nextel international and
their new Filipino partners, are reportedly coming up with
all sorts of excuses not to pay minority group leader
Antonio Urera the retirement pay (around $5 million) that
he was promised before. And more, they are not only
discrediting Urera but inventing all sorts of black
propaganda to destroy the guy’s reputation.

They are afraid of Urera. The guy has documents to prove
that Nextel International has exceeded the maximum
foreign corporate equity limit and is using dummies to hide
the extent of its interest in Nextel Philippines.

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http://www.philstar.com/philstar/search_content.asp?article=97721

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