UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2023
(Commission File No. 1-03006)
PLDT Inc.
(Translation of registrant’s name into English)
Ramon Cojuangco Building
Makati Avenue
Makati City
Philippines
(Address of registrant’s principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)
Form 20-F Form 40-F
(Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes No
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-____)
NOTE REGARDING FORWARD-LOOKING STATEMENTS
Some information in this report may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words.
A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in “Item 3. Key Information – Risk Factors” in our annual report on Form 20-F for the fiscal year ended December 31, 2022. You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as at the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the statements in this report after the date hereof. In light of these risks and uncertainties, you should keep in mind that actual results may differ materially from any forward-looking statement made in this report or elsewhere.
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EXHIBIT INDEX
EXHIBIT NUMBER PAGE
1 Copies of the disclosure letters that were filed on October 5, 2023 by PLDT Inc. with the Philippine Stock Exchange, Inc., the Philippine Securities and Exchange Commission, and the Philippine Dealing and Exchange Corporation regarding the press release entitled “PLDT Group achieves first closing of sale and leaseback towers deal with Frontier.”
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.
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PLDT Inc. |
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By: |
/s/Mark David P. Martinez |
Name: |
Mark David P. Martinez |
Title: |
Assistant Corporate Secretary |
Date: October 5, 2023
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Exhibit 99.1
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Exhibit No. |
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Exhibit |
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99.1 |
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Copies of the disclosure letters that were filed on October 5, 2023 by PLDT Inc. with the Philippine Stock Exchange, Inc., the Philippine Securities and Exchange Commission, and the Philippine Dealing and Exchange Corporation regarding the press release entitled “PLDT Group achieves first closing of sale and leaseback towers deal with Frontier.” |
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October 5, 2023
The Philippine Stock Exchange, Inc.
6/F Philippine Stock Exchange Tower
28th Street corner 5th Avenue
Bonifacio Global City, Taguig City
Attention: Ms. Alexandra D. Tom Wong
Officer-in-Charge – Disclosure Department
Securities & Exchange Commission
Secretariat Building, PICC Complex
Roxas Boulevard, Pasay City
Attention: Mr. Vicente Graciano P. Felizmenio, Jr.
Director – Markets and Securities Regulation Department
Philippine Dealing & Exchange Corporation
29th Floor, BDO Equitable Tower
8751 Paseo de Roxas, Makati City 1226
Attention: Atty. Marie Rose M. Magallen-Lirio
Head - Issuer Compliance and Disclosure Department
Gentlemen:
In compliance with the PSE’s Revised Disclosure Rules, we submit herewith a press release entitled “PLDT Group achieves first closing of sale and leaseback towers deal with Frontier.”
This submission shall also serve as our compliance with Section 17.1 of the Securities Regulation Code regarding the filing of reports on significant developments.
Very truly yours,
/s/Mark David P. Martinez
Mark David P. Martinez
Assistant Corporate Secretary
PLDT Inc.
COVER SHEET
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Form Type |
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Secondary License Type, If Applicable |
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COMPANY INFORMATION
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Company’s Email Address |
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Company’s Telephone Number/s |
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Mobile Number |
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11,403 As of September 30, 2023 |
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Every 2nd Tuesday of June |
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December 31 |
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CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation
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Name of Contact Person |
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Email Address |
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Telephone Number/s |
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Mobile Number |
Marilyn A. Victorio-Aquino |
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mvaquino@pldt.com.ph |
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82500254 |
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Name of Contact Person |
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Email Address |
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Telephone Number/s |
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Mobile Number |
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Contact Person’s Address |
MGO Building, Legaspi St. corner Dela Rosa St., Makati City |
Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.
SECURITIES AND EXCHANGE COMMISSION
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.1
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1. |
October 5, 2023 |
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Date of Report (Date of earliest event reported) |
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SEC Identification Number PW-55 |
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BIR Tax Identification No. 000-488-793 |
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PLDT Inc. |
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Exact name of issuer as specified in its charter |
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PHILIPPINES |
6. ____________ (SEC Use Only) |
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Province, country or other jurisdiction of Incorporation |
Industry Classification Code |
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Ramon Cojuangco Building, Makati Avenue, Makati City |
1200 |
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Address of principal office |
Postal Code |
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(632) 82500254 |
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Issuer's telephone number, including area code |
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Not Applicable |
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Former name or former address, if changed since last report |
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Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act |
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Title of Each Class |
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding |
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11. Item 9 (Other events)
Attached herewith is a press release entitled “PLDT Group achieves first closing of sale and leaseback towers deal with Frontier.”
Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this report to be signed on its behalf by the undersigned.
PLDT INC.
By:
/s/Mark David P. Martinez
Mark David P. Martinez
Assistant Corporate Secretary
October 5, 2023
PLDT pressrelease
PLDT Group achieves first closing of
sale and leaseback towers deal with Frontier
MANILA, October 5, 2023 – PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI), the country’s largest integrated telco, is pleased to announce a major milestone in connection with the sale and leaseback of 1,012 telecommunications towers and associated passive telecommunications infrastructure to Frontier Tower Associates Philippines Inc. (“Frontier”) that was announced on March 10, 2023.
First closing of the transaction was achieved today with the completion of the sale of 230 telecommunications towers to Frontier. A corresponding cash consideration of PHP2.8 billion was received by the PLDT Group.
The Master Services Agreement covering the leaseback arrangement for those towers also became effective as of today.
PLDT expects to transfer additional towers over the next few months as closing conditions are met.
The sale and leaseback of towers are in line with the PLDT Group’s strategy to push for an asset-light balance sheet, while providing superior network quality and an even better customer experience. It further supports the government’s program of building a strong digital infrastructure program to allow Filipinos to access affordable and reliable internet services.
XX
This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and opportunities that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.
For more information, please contact:
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Melissa V. Vergel de Dios |
Cathy Y. Yang |
pldt_ir_center@pldt.com.ph |
cyyang@pldt.com.ph |
About PLDT
PLDT is the Philippines’ largest fully integrated telco company. Through its principal business groups – from fixed line to wireless – PLDT offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks.
PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine-listed companies.
For more information, visit: www.pldt.com
About Frontier
Frontier is a subsidiary of Pinnacle Towers Pte. Ltd. (“Pinnacle”), an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market. Pinnacle is backed by leading global investment firm KKR.
For more information, visit: https://www.frontiertowersphilippines.com
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.
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PLDT Inc. |
By |
: |
/s/Mark David P. Martinez |
Name |
: |
Mark David P. Martinez |
Title |
: |
Assistant Corporate Secretary |
Date : October 5, 2023
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