D E C I S I O N
CARPIO, J.:
I. THE FACTS
This is a petition to
nullify the sale of shares of stock of Philippine Telecommunications Investment
Corporation (PTIC) by the government of the Republic of the Philippines, acting
through the Inter-Agency Privatization Council (IPC), to Metro Pacific Assets
Holdings, Inc. (MPAH), an affiliate of First Pacific Company Limited (First
Pacific), a Hong Kong-based investment
management and holding company and a shareholder of the Philippine
Long Distance Telephone Company (PLDT).
