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                    [Title] => Holding company puts Smartmatic in control
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Although only 40 percent, Smartmatic paid up 90 percent of the capital. TIM, the 60-percent “majority”, paid only 10 percent. That gave Venezuelan-owned,  Barbados-based Smartmatic control over the Filipino TIM — worrisome in case of failure.
                    [DatePublished] => 2010-02-05 00:00:00
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                    [AuthorID] => 1805283
                    [AuthorName] => Jarius Bondoc
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ANTUNEZ AND SMARTMATIC

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abtest

Holding company puts Smartmatic in control

By GOTCHA | By Jarius Bondoc | February 5, 2010 - 12:00am

Although only 40 percent, Smartmatic paid up 90 percent of the capital. TIM, the 60-percent “majority”, paid only 10 percent. That gave Venezuelan-owned, Barbados-based Smartmatic control over the Filipino...

Opinion