SECURITIESAND EXCHANGE COMMISSION

Washington,D.C.  20549

 

FORM6 -K

 

REPORTOF FOREIGN PRIVATE ISSUER

PURSUANTTO RULE 13a-16 or 15d-16 OF

THESECURITIES EXCHANGE ACT OF  1934

 

Report on Form 6-K dated April 26, 2005

(Commission File No. 1-15024)

 

 

PHILIPPINELONG DISTANCE TELEPHONE COMPANY

(Nameof Registrant)

 

RamonCojuangco Building

MakatiAvenue, Makati City

Philippines        0721

(Addressof Principal Executive Officers)

 

 

Indicateby check mark whether the registrant files or will file annual reports undercover of Form 20-F or Form 40-F:

 

| Form 20-F:  y | Form 40-F:  o |
|---------------|---------------|

 

Indicateby check mark if the registrant is submitting the Form 6-K in paper aspermitted by Regulation S-T Rule 101 (b) (1):

 

| Yes:  o | No:  y |
|---------|--------|

 

Indicateby check mark if the registrant is submitting the Form 6-K in paper aspermitted by Regulation by Regulation S-T Rule 101 (b) (7):

 

| Yes:  o | No:  y |
|---------|--------|

 

Indicateby check mark whether the registrant by furnishing the information contained inthis form is also thereby furnishing the information to the Commission pursuantto Rule 12g3-2(b) under the Securities Exchange Act of 1934:

 

| Yes:  o | No:  y |
|---------|--------|

 

 

 

 

 

 

 

 

 

 

 

Enclosure:

 

 

 

A copy of thedisclosure letter we sent yesterday to the Philippine Stock Exchange and theSecurities and Exchange Commission regarding the Subscription and AssignmentAgreement between Philippine Long Distance Telephone Company and itswholly-owned subsidiary, Smart Communications, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

| April 25, 2005 | SECURITY CODE:  CM-040
 

 

The Philippine Stock Exchange
Disclosure Department

4th Floor PSECentre

Exchange Road, Ortigas Center

Pasig City

 

Attention:          Ms.Jurisita M. Quintos 

SeniorVice President 

 

Ladies and Gentlemen:

 

In compliance with Section 17.1(b) of the SecuritiesRegulation Code and SRC Rule 17.1, we submit herewith a copy of SEC Form 17-Cwith respect to a discloseable event/information.

 

This shall also serve as the disclosure letter for thepurpose of complying with PSE Revised Disclosure Rules.

 

Respectfully yours,

 

 

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

MLCRC:amq

Encs.

 

 

 

 

 

 

 

 

 

 
 
 
 
 
 

April 25, 2005
 

 

 

SECURITIES & EXCHANGE COMMISSION

Corporation Finance Department 

SEC Building, EDSA

Mandaluyong City

 

Attention:          Director  Justina F. Callangan

                        Corporation Finance Department

 

Gentlemen:

 

Re        :           PhilippineLong Distance Telephone Company

                        SEC Registration No. PW-55

 

In accordance with Section 17.1(b) of the Securities Regulation Codeand SRC Rule 17.1, we submit herewith SEC Form 17-C with respect to adiscloseable event/information.

 

Respectfully yours,

 

 

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

MLCRC:amq

Encs.

 

 

COVER SHEET

 

 

P

W

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5

5

 

SEC Registration No.

 

P

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T

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C

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(Company’s Full Name)

 

R

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C

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B

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(Business Address: No.Street/City/Town/Province)

 

ATTY. MA. LOURDES C. RAUSA-CHAN

 

814-3552

Contact person

 

Contact Telephone No.

 

 

1

 

2

 

 

3

 

1

 

 

SEC FORM 17-C

 

 

0

 

6

Every 2nd

Tuesday

 

 

Month

 

Day

 

FORM TYPE

 

Month

Day

 

 
Fiscal Year

 

Annual Meeting

 
 

C

F

D

 

N/A

Dept. Requiring this Doc.

 

Amended Articles

Number/Section

 

 

Total Amount of Borrowings

2,198,945

As of March 31, 2005

 

 

NA

 

 

NA

Total No. of Stockholders

 

Domestic

 

Foreign

 

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To be accomplished bySEC Personnel concerned

 

 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

File Number

 

LCU

 
 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

 
Document I.D.

 

Cashier

 

 

STAMPS

   

 

 

 

Remarks: Please use black ink for scanning purposes
 

 

 

 

 

 

                                             SECURITIESAND EXCHANGE COMMISSION

 

 

SEC FORM 17-C

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.                 25 April 2005

(Date of earliest event reported)

 

2.                 SEC Identification Number PW-55

 

3.                 BIR Tax Identification No. 000-488-793

 

4.                 PHILIPPINELONG DISTANCE TELEPHONE COMPANY                                  

            Exact name of issuer as specified in its charter

 

5.         PHILIPPINES6. _____________ (SEC Use Only)  

            Province,country or other jurisdiction         Industry Classification Code

of Incorporation

 

7.         RamonCojuangco Building, Makati Avenue, Makati City                       1200 

            Addressof principal office                                                              PostalCode

 

8.         (632)814-3664                                           

            Issuer's telephone number, including area code
 

9.         NotApplicable                                                               

            Formername or former address, if changed since last report

 

10.             Securities registered pursuant toSections 8 and 12 of the Securities Regulation Code or Sections 4 and 8 of theRevised Securities Act

 

 

            Titleof Each Class                                Number of Shares of Common Stock

          Licensed and Amount of Debt Outstanding

 

 

 

 

 

11.             Item9 – Other Events

 

We disclose that on April 25, 2005, Philippine LongDistance Telephone Company (PLDT) and its wholly-owned subsidiary, SmartCommunications, Inc. (SMART) entered into a Subscription and AssignmentAgreement covering the transfer and assignment to SMART of 766,999,816 sharesof common stock of Pilipino Telephone Corporation (the “PILTEL Common Shares”)owned by PLDT.

 

The PILTEL Common Shares were transferred to SMART asconsideration and in exchange for 11,332,250 shares of SMART preferred stocksubscribed by and issued to PLDT for a total subscription/issue price ofapproximately 157.235 million.

 

As a result of the above transaction, SMART now owns 92.14%of the total outstanding common stock of PILTEL, thereby consolidating the PLDTGroup’s wireless business under SMART.

 

 

SIGNATURE

 

            Pursuant to the requirements of the Securities RegulationCode, the Issuer has duly caused this report to be signed on its behalf by theundersigned hereto duly authorized.

 

 

 

 

PHILIPPINE LONG DISTANCE

TELEPHONE COMPANY

 

 

 

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

 

 

 

 

Date: 25 April 2005

 

Distribution Copies:      5copies – Securities & Exchange Commission

                        1copy    - Philippine Stock Exchange

                                    1copy    - Company Secretary

 

 

 

 

 

 

SIGNATURES

 

 

 

Pursuant to the requirements of the Securities Exchange Actof 1934, the registrant had duly caused this report to be signed on its behalfby the undersigned, thereunto duly authorized.

 

 

 

PHILIPPINELONG DISTANCE TELEPHONE COMPANY

 

 

 

 

By:  MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

 

 

Date:April 26, 2005

 

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