C05701-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 26, 2023
2. SEC Identification Number
PW-55
3. BIR Tax Identification No.
000-488-793
4. Exact name of issuer as specified in its charter
PLDT Inc.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
RAMON COJUANGCO BUILDING, MAKATI AVENUE, MAKATI CITY Postal Code 1200
8. Issuer's telephone number, including area code
(632) 8250-0254
9. Former name or former address, if changed since last report
NOT APPLICABLE
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
- -
11. Indicate the item numbers reported herein
-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PLDT Inc.TEL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Reply to the Philippine Stock Exchange’s letter dated July 26, 2023 requesting PLDT Inc. to clarify information and/or to provide relevant information in relation to the news article entitled "PLDT seen to reduce average spending by over 10%, raise P58B from more tower sales" as posted in BusinessWorld (Online Edition) on July 26, 2023.
Source BusinessWorld (Online Edition)
Subject of News Report "PLDT seen to reduce average spending by over 10%, raise P58B from more tower sales"
Date of Publication Jul 26, 2023
Clarification of News Report

We refer to the PSE’s letter dated July 26, 2023 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “PLDT seen to reduce average spending by over 10%, raise P58B from more tower sales“ as posted in BusinessWorld (Online Edition) on July 26, 2023. The news article states, in part, as follows:

“PLDT Inc. is expected to lower its average capital expenditures (capex) by more than 10% from 2023 to 2025, according to a report by Singapore’s S&P Global Ratings.

The report — S&P’s Asia-Pacific 5G: Telcos Face A Billion-Dollar Balancing Act — said telecommunication companies’ investments in 5G technology ‘remains more credit risk than reward’.

‘We expect average capex intensity for the same population to be close to 19% in 2023 before easing slightly from 2024. This compares with the average of about 20% in 2019-2022, the period during which most telcos rolled out 5G,’ S&P said.

‘Some telcos will face less pressure than others. For rated telcos in Korea, Taiwan, and Philippines, we expect average capex to fall by more than 10% for 2023-2025,’ it said.

. . . .”

We cannot confirm or comment on any of the information reported on the above-quoted news article. Please note that the news article refers to a report by Singapore’s S&P Global Ratings, and not to any official statement or disclosure from PLDT.
Other Relevant Information

Please refer to the attachment.
Filed on behalf by:
Name Kristine Mariz De Claro
Designation Associate Attorney