SECURITIES AND EXCHANGE COMMISSION

Washington,D.C.  20549

 

FORM 6 -K

 

REPORT OF FOREIGNPRIVATE ISSUER

PURSUANT TO RULE13a-16 or 15d-16 OF

THE SECURITIESEXCHANGE ACT OF  1934

 

Report on Form6-K dated June 3, 2004

(Commission FileNo. 1-15024)

 

 

 

PHILIPPINE LONGDISTANCE TELEPHONE COMPANY

(Name ofRegistrant)

 

Ramon Cojuangco Building
Makati Avenue,Makati City

Philippines0721

(Address ofPrincipal Executive Officers)

 

 

            Indicate by check markwhether the registrant files or will file annual reports under cover of Form20-F or Form 40-F:

 

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

 

            Indicate by check mark if theregistrant is submitting the Form 6-K in paper as permitted by Regulation S-TRule 101 (b) (1):

 

Yes:  o                                    No:  y

 

            Indicate by check mark if theregistrant is submitting the Form 6-K in paper as permitted by Regulation byRegulation S-T Rule 101 (b) (7):

 

Yes:  o                                    No:  y

            Indicate by check markwhether the registrant by furnishing the information contained in this form isalso thereby furnishing the information to the Commission pursuant to Rule12g3-2(b) under the Securities Exchange Act of 1934:

 

Yes:  o                                    No:  y

 

 

 

 

 

 

 

 

Enclosure:

 

 

 

A copy of the press releasethat is being issued today by Philippine Long Distance Telephone Company,entitled “PLDT, AT&T SIGN EXTENSION AGREEMENT”.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3 June 2004

SECURITY CODE:  CM-040
 

 

The Philippine Stock Exchange

Disclosure Department

4th Floor PSE Centre

Exchange Road, Ortigas Center

Pasig City

 

Attention:        Ms. Jurisita M. Quintos

Senior VicePresident 

 

Ladies and Gentlemen:

 

Enclosed is a copy of a Current Report under Section 17 ofthe Securities Regulation Code (“SRC”) with a copy of the press releaseentitled “PLDT, AT&T SIGN EXTENSION AGREEMENT ”.

 

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

 

Respectfully yours,

 

 

FLORENTINO D. MABASA, JR.

Assistant Corporate Secretary

 

 

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
 
3 June 2004
 

 

 

SECURITIES& EXCHANGE COMMISSION

CorporationFinance Department 

SECBuilding, EDSA

MandaluyongCity

 

Attention:        DirectorJustina F. Callangan

                        CorporationFinance Department

 

Gentlemen:

 

Re       :           Philippine LongDistance Telephone Company

                        SECRegistration No. PW-55

 

Inaccordance with Section 17.1 (b) of the Securities Regulation Code, we submitherewith five (5) copies of a Current Report with a copy of thepress release entitled “PLDT, AT&T SIGN EXTENSION AGREEMENT ”.

 

Respectfully yours,

 

 

FLORENTINO D. MABASA, JR.

Assistant Corporate Secretary

 

 

 

 

 

 

 

 

 

                                            SECURITIES AND EXCHANGE COMMISSION

 

 

 

 

                                                CURRENTREPORT UNDER SECTION 17

                                        OFTHE SECURITIES REGULATION CODE (“SRC”)

 

 

 

 

1.                 3 June 2004

(Date of earliest event reported)

 

2.                 SEC Identification Number  PW-55

 

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

 

4.                 PHILIPPINELONG DISTANCE TELEPHONE COMPANY                                            

            Exactname of registrant as specified in its charter

 

5.         PHILIPPINES                                                6._____________ (SEC Use Only)  

           Province, country orother jurisdiction        Industry Classification Code

            ofIncorporation

 

7.         RamonCojuangco Building, Makati Avenue, Makati City              1200 

            Addressof principal office                                                   PostalCode

 

8.         (632)814-3664                                           

Registrant's telephone number, including area code
 

9.         NotApplicable                                                               

            Formername or former address, if changed since last report

 

10.       Securitiesregistered pursuant to Sections 8 and 12 of the SRC

 

            Title ofEach Class                            Number of Shares of Common Stock

          Licensed and Amount of Debt Outstanding

 

 

 

 

 

 

 

 

 

Attachedhereto is a copy of the press release entitled “PLDT, AT&T SIGN EXTENSIONAGREEMENT ”.

 

 

SIGNATURE

 

 

            Pursuantto the requirements of the Securities Regulation Code, the Registrant has dulycaused this report to be signed on its behalf by the undersigned hereto dulyauthorized.

 

 

 

 

PHILIPPINE LONG DISTANCE

TELEPHONE COMPANY

 

 

 

FLORENTINO D. MABASA, JR.

Assistant Corporate Secretary

 

 

 

 

 

Date: 3 June 2004

 

Distribution Copies:  5 copies –Securities & Exchange Commission

                        1copy    - Philippine Stock Exchange

                                    1copy    - Company Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

** **
**PLDT, AT&T signextension agreement**
***MANILA,Philippines, June 3, 2004***– Philippine Long Distance Telephone Co. andUS-based phone firm AT&T have recently agreed to extend their interimagreement involving termination rates.

 

AlfredoS. Panlilio, PLDT Senior Vice President and Head of International and CarrierBusiness Group, said PLDT and AT&T were both pleased to have arrived atthis agreement as they continue to explore ways to reach mutually acceptablerates without disrupting delivery of services to each other’s customers.

 

LastJanuary, PLDT and AT&T signed an interim agreement that will expire by theend of June this year. Both parties have now agreed to extend the interim ratesagreed upon in the earlier agreement until the end of December 2004.

 

Thetermination rates determine how much local and foreign carriers will charge forcarrying traffic through each other’s network.

 

“Thisis a welcome development for both parties. It just shows the desire of bothPLDT and AT&T to ensure the best services for customers at the best prices.With this new interim agreement, we have a stable basis for the rates we chargecustomers,” said Panlilio.

 

 “Thetelecommunications business is rapidly changing and all telecommunicationsentities face big challenges. We plan to take that into consideration whenarriving at mutually agreeable rates,” added Panlilio.

 

TheUS Federal Communications Commission and the Philippines’ NationalTelecommunications Commission have also been helping US and local carriers comeup with a reasonable rate scheme to ensure the viability of these companies andthereby protect consumers who depend on the telecommunications services ofthese companies.

 

Lastyear PLDT also had several agreements with other US carriers such as SprintCommunications and MCI Worldcom International regarding termination rates. PLDTalso holds regular dialogues with these other carriers in order to arrive atmutually acceptable rates.

 

XXX

** **

** **

**About PLDT**

PLDT is the leading telecommunications provider inthe Philippines. Through its three principal business groups – fixed line,wireless and information communications technology – PLDT offers a wide rangeof telecommunications services across the Philippines’ most extensive fiberoptic backbone and fixed line, cellular and satellite network.

PLDT is listed on the Philippine Stock Exchange(PSE:TEL) and its American depositary shares are listed on the New York StockExchange (NYSE:PHI) and the Pacific Exchange.  PLDT has one of the largestmarket capitalizations among Philippine listed companies.

Further information can be obtained by visiting theweb at www.pldt.com.ph.

 

Contactperson:

 

Menardo G.Jimenez, Jr.

First VicePresident, Corporate Communications and Public Affairs

Tel. No.816-8468

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SIGNATURES

 

 

 

            Pursuant to the requirements ofthe Securities Exchange Act of 1934, the registrant had duly caused this reportto be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
 

 

 

 

By:  FLORENTINO D. MABASA, JR.

Assistant Corporate Secretary
 

 

 

Date:  June 3, 2004