MANILA - The Philippine government will privatize two state-run television stations in the first half of the year, the Privatization and Management Office said yesterday.

The sale of IBC-13 and RPN-9 television stations will take place separately between March and May, the PMO said in a statement, naming CLSA Exchange Capital Inc. as its lead advisor in the sale.

It did not say how much the government expects from the sale but the finance department has said that it has set a conservative target of P500 million in revenue from privatizing state assets this year.

It raised about P8.3 billion from asset sales in 2005.*AFP

back to top