C00250-2024

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)
Jan 17, 2024
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
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11. Indicate the item numbers reported herein
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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 letter of the PSE dated January 17, 2024 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “MVP-Lopez done deal? ABS-CBN shares soar amid talks PLDT’s purchase of Sky Cable clears anti-competition body” as posted in Bilyonaryo.com on January 16, 2024.
Source Bilyonaryo.com
Subject of News Report “MVP-Lopez done deal? ABS-CBN shares soar amid talks PLDT’s purchase of Sky Cable clears anti-competition body”
Date of Publication Jan 16, 2024
Clarification of News Report

We refer to the letter of the PSE dated January 17, 2024 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “MVP-Lopez done deal? ABS-CBN shares soar amid talks PLDT’s purchase of Sky Cable clears anti-competition body” as posted in Bilyonaryo.com on January 16, 2024.

The news article states, in part, that:

“Will the Lopez family finally pop the champagne bottle with the much-anticipated completion of the sale of ABS-CBN Broadcasting’s cable and broadband arm to bilyonaryo Manny V. Pangilinan’s PLDT?

According to a Babbler, the Philippines Competition Commission (PCC) has reportedly given its approval for PLDT’s 100 percent buyout of ABS-CBN’s Sky Cable.

. . . .

The sale of Sky Cable will generate P4 billion, representing ABS-CBN’s 59 percent stake in the company. ABS-CBN plans to use the fresh cash to pay off its maturing debt while concentrating its resources on content creation.

. . . .

On its part, PLDT will merge Sky Cable’s fiber broadband subsrcibers while the cable TV will be absorbed by Cignal, a wholly owned subsidiary of the MediaQuest Holdings under the PLDT Beneficial Trust Fund.

. . . .”

We wish to clarify that the Philippine Competition Commission (the “PCC”) has not yet concluded its review process for PLDT’s proposed acquisition of the broadband business and related assets of Sky Cable Corporation (“Sky”) through the purchase of 100% of Sky’s total issued and outstanding capital stock (the “Proposed Transaction”). Once the approval of the PCC is obtained, the sellers will continue to work on the other closing conditions which include, among others, the termination or cessation of Sky’s pay TV and cable businesses, obtaining all other applicable government approvals and clearances, and obtaining all required consents and corporate actions. Obtaining the closing conditions is necessary for the implementation of the Proposed Transaction.

We trust that the foregoing explanation clarifies matters.
Other Relevant Information

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Filed on behalf by:
Name Kristine Mariz De Claro
Designation Associate Attorney