SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 

 

FORM 6-K

Report of Foreign Private Issuer 

 

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

 

 

**For the month of May 2007**
 

 

**Commission File Number 1-03006**

 

 

Philippine Long Distance Telephone Company
(Exact Name of Registrant asSpecified in Its Charter)

 

**Ramon****Cojuangco Building**

**Makati Avenue**

**Makati****City**

**Philippines**

(Address of principal executiveoffices)

 

 

(Indicate by check markwhether the registrant files or will file annual reports under cover Form 20-For Form 40-F.)

 

Form20-F      Ö                                  Form40-F

 

 

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

 

Yes                                                        No       Ö

 

 

(If "Yes" ismarked, indicate below the file number assigned to the registrant in connectionwith Rule 12g3-2(b): 82- ________ )
****
 

 

NOTE REGARDINGFORWARD-LOOKING STATEMENTS

 

Some information in this report may containforward-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 of1934.  We have based these forward-looking statements on our current beliefs,expectations and intentions as to facts, actions and events that will or mayoccur in the future.  Such statements generally are identified byforward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,”“expect,” “may,” “will” or other similar words.

A forward-looking statement may include astatement of the assumptions or bases underlying the forward-lookingstatement.  We have chosen these assumptions or bases in good faith.  Theseforward-looking statements are subject to risks, uncertainties and assumptions,some of which are beyond our control.  In addition, these forward-lookingstatements reflect our current views with respect to future events and are nota guarantee of future performance.  Actual results may differ materially frominformation contained in the forward-looking statements as a result of a numberof factors, including, without limitation, the risk factors set forth in“Item 3. Key Information – Risk Factors” in our annual report on Form 20-Ffor the fiscal year ended December 31, 2005.  You should also keep in mind thatany forward-looking statement made by us in this report or elsewhere speaksonly as at the date on which we made it.  New risks and uncertainties come upfrom time to time, and it is impossible for us to predict these events or howthey may affect us.  We have no duty to, and do not intend to, update or revisethe statements in this report after the date hereof.  In light of these risksand uncertainties, you should keep in mind that actual results may differmaterially from any forward-looking statement made in this report or elsewhere.

 
 

 

**EXHIBITS**
 

 

 

Exhibit Number

 

Page

 

 

 

 

 

 

1

 

 

 

2

 

 

 

3

 

 

Copies of the disclosure letters we sent today to the Philippine Stock Exchange and the Securities and Exchange Commission regarding the following:

 

a.   Press release regarding the Company’s financial condition and results of operations for the three (3) months ended March 31, 2007;

 

b.   Appointment by the Audit Committee of Sycip Gorres Velayo & Company as the Company’s external auditors for 2007; and

 

c.   Cash dividend declaration on the Company’s Series IV Cumulative Non-Convertible Redeemable Preferred Stock.

 

 

 

 

 

 

11

 

 

 

5

 

 

 

4

 

 
Exhibit 1

 

 
 

 
May 8, 2007
 

 

Philippine Stock Exchange

4/F Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City

 

Attention:  Atty. Pete M. Malabanan

Head – Disclosure Department
 

Gentlemen:

 

            Inaccordance with Section 17.1 (b) and Section 17.3 of the Securities RegulationCode, we submit herewith a copy of SEC Form 17-C with a press release attachedthereto regarding the Company’s financial condition and results of operationsfor the three (3) months ended March 31, 2007.

 

            Thisshall also serve as the disclosure letter for the purpose of complying with PSERevised Disclosure Rules.

 

 

 

Very truly yours,

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
 

 

 

/s/ Ma. Lourdes C. Rausa-Chan

MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

 

 

Page 1 of 11

    
Exhibit 1

 

 

 

 

May 8, 2007
 

 

Securities & ExchangeCommission

Money Market OperationsDepartment

SEC Building, EDSA

Mandaluyong City

 

Attention:  DirectorJustina F. Callangan
Corporations Finance Department
 

Gentlemen:

 

            Inaccordance with Section 17.1 (b) of Securities Regulation Code and SRC Rule17.1, we submit herewith five (5) copies of SEC Form 17-C with a press releaseattached thereto regarding the Company’s financial condition and results ofoperations for the three (3) months ended March 31, 2007.

 

Very truly yours,

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
 

 

 

/s/ Ma. Lourdes C. Rausa-Chan

MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

 

Page 2 of 11

  

Exhibit 1

 

COVER SHEET

 

 
P

W

-

5

5

 
 

S.E.C. Registration No.

 

P

H

I

L

I

P

P

I

N

E 

L

O

N

G

 

D

I

S

T

A

N

C

E

 

T

E

L

E

P

H

O

N

E

 

C

O

M

P

A

N

Y

 

 

 

 

 

 

(Company’s Full Name)

 

R

A

M

O

N

 

 C

O

J

U

A

N

G

C

O

 

B

L

D

G

.

 

 

 

 

M

A

K

A

T

I

 

A

V

E

.

 

M

A

K

A

T

I

 

C

I

T

Y

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

 

 
ATTY. MA. LOURDES C. RAUSA-CHAN

 

816-8405

 
 
Contact Person

 

Company Telephone Number

 
 
 

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

 
 
2,188,364

As of March 31, 2007

 

N/A

 

 

N/A

 
 
Total No. of Stockholders

 

Domestic

 

Foreign

 

------------------------------------------------------------------------------------------------------------------

To be accomplished by SEC Personnel concerned
 

 

 

 

 

 

 

 

 

 

 

 

______________________________

 
 
File Number

 

LCU

 

 

 

 

 

 

 

 

 

 

 

 

______________________________

 
 
Document I.D.

 

Cashier

 

 

STAMPS
 

Remarks:Please use black ink for scanning purposes.

Page 3 of 11

    

Exhibit 1

 

SECURITIES AND EXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.                 8 May 2007

Date of Report (Date of earliest event reported)

 

2.                 SEC Identification Number PW-55

 

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

 

4.                 PHILIPPINE LONGDISTANCE TELEPHONE COMPANY

Exact name of issuer as specified in its charter

 

5.         PHILIPPINES                                                      6.____________(SEC Use Only)  

Province, country or other jurisdiction                    IndustryClassification Code

of Incorporation

 

7.         Ramon Cojuangco Building, Makati Avenue, Makati City                         1200 

Address of principal office                                                                  PostalCode

 

8.         (632)816-8405 

Issuer's telephone number, includingarea code
 

9.         NotApplicable 

Former name or former address, if changed since lastreport

 

10.             Securities registered pursuant to Sections 8 and 12 ofthe Securities Regulation Code and Sections 4 and 8 of the Revised SecuritiesAct

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

 

_____________________________________________________________

_____________________________________________________________

_____________________________________________________________

 

 

Page 4 of 11

  Exhibit 1

 

**Press Release**

 

**CORE NET INCOME P8.4BILLION UP 11% FROM PREVIOUS YEAR**

**FIRST QUARTER 2007CONSOLIDATED NET INCOME AT P8.6 BILLION;**

**CELLULAR SUBSCRIBER BASESHOOTS PAST 26 MILLION**

 

 

•        Corenet income at P8.4 billion, an increase of 11% from previous year’s P7.6billion 

•        Consolidatednet income of P8.6 billion for the first quarter of 2007,  matching lastyear’s reported net profit, despite lower foreign exchange gains

•        ConsolidatedEBITDA reaches P20.4 billion, up 3% from last year’s P19.9billion; consolidated EBITDA margin at 62% of service revenues

•        Consolidatedservice revenues up 10% year-on-year to P33.0 billion; wireless servicerevenues increase 10% to P20.8 billion

•        Cellularnet additions of 1.3 million for the period; subscriber base surpasses 26million at the end of April 2007 

•        Broadbandcontinues strong growth as subscribers reach 327,000 and total revenuecontribution from broadband and internet services surges 46% to P1.6billion for the first three months of 2007

•        ePLDTcore net income up 193% to P160 million

•        Netdebt balance falls to approximately US$1.1 billion, a historic low, net debt toEBITDA at 0.5 times and net debt to free cash flow at 0.9 times.

•        Freecash flow at P17.5 billion despite higher capital expenditure

 

**MANILA, Philippines, 8thMay 2007**–– Philippine Long Distance Telephone Company (“PLDT”) (PSE: TEL) (NYSE: PHI)today announced core net income, net of foreign exchange translation andderivative gains of P8.4 billion in the first three months of 2007, 11%over the core net income of P7.6 billion for the same period in 2006.Consolidated net profit in the first quarter of 2007 was steady at P8.6billion.  Consolidated service revenues increased by 10% to P33.0billion, notwithstanding the 5% appreciation of the peso which negativelyimpacted 35% of the PLDT Group’s revenues that are dollar-linked. ConsolidatedEBITDA improved by 3% to P20.4 billion while EBITDA margin was at 62%.

 

Core earningsattributable to each common share reached P44 per share, an increase of7% compared to P41 per share last year.

 

Consolidated free cashflow remained robust at P17.5 billion in the first quarter of 2007,despite the increase in capital expenditures. Consolidated capital expendituresfor the first three months of 2007 totaled P5.9 billion and wereprimarily utilized on the continued roll out of Next Generation Network (“NGN”)lines which now number 230,000, increasing cellular capacity, expanding thewireless broadband network and investing in international cable capacity.Capital expenditures for the Group are expected to range between P20-22billion in 2007.

 

Approximately P4.2billion of our cash was utilized to pay down debt in the first quarter of 2007with another P9.4 billion was used to pay out common dividends on 20thApril 2007. 

 

Page 5 of 11

  Exhibit 1

 

The Group’s consolidatedbalance sheet continued to strengthen with consolidated debt balances atUS$1.67 billion. Net debt balance has fallen to an all-time low of US$1.1billion after taking into account the common dividend payment made on 20thApril 2007.  Net debt to EBITDA and net debt to free cash flow ratios improvedto 0.5 times and 0.9 times, respectively. 

 

On 30th March2007, Pilipino Telephone Corporation (“Piltel”) redeemed all of its outstandingunrestructured bonds amounting to US$690,000. Piltel pro-actively andsuccessfully sought out holders and offered to purchase their remainingoutstanding unrestructured bonds.  These unrestructured bonds were part of theconvertible bonds originally issued on July 17, 1996 by Piltel InternationalHoldings Corporation, a wholly owned subsidiary of Piltel, and guaranteed byPiltel at a face value of US$183 million.  From June 2001 to March 2004,holders of these convertible bonds agreed to participate in the Company’s debtrestructuring plan until such time that only US$690,000 of the original notesremained unrestructured and unpaid. Piltel now has no outstanding borrowings.

 

* *
**Wireless:   Pursuing Change**
 

Consolidated wirelessservice revenues rose to P20.8 billion for the first three months of2007, 10% higher than the P18.9 billion realized in the same period lastyear, with cellular subsidiaries, Smart Communications, Inc. (“Smart”) andPiltel continuing their solid performance. Service revenues in the firstquarter actually exceeded service revenues in the fourth quarter of 2006despite the increased usage normally associated with the holiday season duringthe latter.  The increase is attributed to the combined impact of a 12% growthin cellular data, an 8% improvement in cellular voice revenues and the 245%increase in wireless broadband revenues.

 

Consolidated wirelessEBITDA improved by 9% to P13.5 billion in the first quarter of 2007 fromP12.3 billion for the same period in 2006 while EBITDA margins remainedstable at 65%.  

 

The PLDT Group’s totalcellular subscriber base for the quarter grew by 1.3 million to 25.5 million.Smart recorded net additions of approximately 887,000 subscribers while *Talk‘N Text* added about 421,000 subscribers to end the first three months of2006 with 18.1 million and 7.4 million subscribers, respectively.   In April2007, Smart and Piltel added another 500,000 subscribers resulting in theircombined subscriber bases surpassing the 26 million mark. 

 

Smart’s extensiveinfrastructure and robust platform enable it to continue being the leader indeveloping innovative voice and text packages that offer the most value andvariety to its customers.

 

On29th April 2007, *Smart Remit* successfully tested itstext-based remittance service with selected OFWs in Bahrain.  These OFWs wereable to send remittances to their beneficiaries in the Philippines, check the balance of their local accounts and determine how much theirremittance would amount to in Philippine pesos using their 

Page 6 of 11

  Exhibit 1

 

 

cellphones. *Smart Remit* is the lead-off service emanating from Smart’sannouncement atthe 3GSM Congress in Barcelona last February 2007 that it would soon launchpilot projects in the Middle East and Europe offering low-cost remittanceservices using its mobile phone-based financial services platform.  Acommercial launch is expected within the year.

 

*Smart Money*, Smart’s award-winningmobile commerce platform, continues to serve as the foundation and launch padfor building new businesses as Smart signs up more domestic partner banks suchas Rizal Commercial Banking Corporation, the Development Bank of thePhilippines, Land Bank of the Philippines and forges tie-ups with leadinginstitutions such as *Gawad Kalinga*, MetroPass Systems, Inc. andMulti-National Transport Corporation.

 

Smart’s wirelessbroadband service, bannered under *SmartBro*, has grown its wirelessbroadband subscriber base to about 164,000 by the end of March 2007, adding42,000 new subscribers in the quarter. Smart now has close to 2,600 wirelessbroadband-enabled base stations providing high-speed internet access to over500 cities and municipalities all over the Philippines. Wireless broadbandrevenues grew 245%, from P120 million in the first quarter of 2006 to P414million in the first quarter of 2007. *Smart Bro* is an integral part ofthe PLDT Group’s strategy to be at the forefront of “broadbanding” the country.

 

“It may not beimmediately obvious but we are constantly devising new services and retoolingolder ones. We now have products such as *LAHATxt* and *Gaan Load*that offer text bundles across all networks.  We capitalize on what we have,such as our network and our platforms, and what we know, in this case themarket and its dynamics, to do what we do best – create value for ourcustomers," said Napoleon L. Nazareno, Presidentand CEO. 

 

 

PLDTFixed Line:  Managing Change

 

Fixed Line servicerevenues decreased by 3% to P11.8 billion in the first quarter of 2007from P12.2 billion in the first quarter of 2006 as the increase inbroadband and corporate data revenues was offset by the decline in ourtraditional fixed line revenues.  Our dollar-linked revenues arising from thelocal exchange and ILD businesses continue to be adversely impacted by theappreciation of the average US dollar/peso exchange rate. Had the Peso notappreciated by 5% in the first three months of 2007, Fixed Line revenues wouldhave declined by 1% year-on-year. 

 

Retail DSL continued togrow as broadband subscribers reached approximately 152,000 at the end of March2007 with another 300,000 subscribers using our Vibe dial-up Internet service.PLDT DSL and Vibe contributed P956 million in revenues for the firstthree months of 2007, up 14% from P838 million for the same period in2006.   

Fixed Line EBITDA in 2006declined to P6.5 billion in line with the decrease in revenues andincreases in certain cash operating expenses; EBITDA margin was also lower at55%. 

Page 7 of 11

  Exhibit 1

 

 

"TheFixed Line business continues to be challenging as our traditional voiceservices such as the local exchange, ILD and NLD, remain under pressure. Ourbright spot is the data business, both corporate and retail, and this is why weare committed to rolling out the next generation network or NGN. NGN will allowus to further spur the growth of our data businesses and at the same time,facilitate more efficient networks and processes that will eventually enable usto improve the cost structure of the business," declared Nazareno. 

 

On 2nd May2007, PLDT disclosed that it would be a lead investor in the Asia–AmericaGateway Cable System (“AAG”),  Southeast Asia’s first submarine cable systemthat will directly link the region to the United States. The AAG will bypasscertain earthquake-prone areas and provide seamless interconnection with othermajor cable systems connecting Europe and Australia.   It is expected to meetthe forecasted explosive growth in bandwidth requirements for new broadbandapplications, supporting the PLDT Group’s strategy in aggressively growing thebroadband market in the Philippines. The 20,000-kilometer long undersea cablesystem is expected to carry commercial traffic by the fourth quarter of2008.                                      

 

 

ePLDT:Refining its Focus

 

ePLDT, the Group’sinformation and communications technology arm, reported service revenues of P2.4billion for the first three months of 2007, a 198% increase from P813million last year, driven by the strong growth in its call center business (*ePLDTVentus*) and the consolidation of SPi Technologies, Inc. (SPi), after itsacquisition in July 2006.  ePLDT’s revenues now account for 7% of the PLDTGroup’s consolidated revenues.

 

EBITDA grew 185% to P403million in the first quarter of 2007 from P141 million in the firstquarter of 2006. EBITDA margin was stable at 17% and improved from the fullyear 2006 margin of 13%.

 

Consolidated call centerrevenues increased 39% to P782 million as a result of improved capacityutilization and billable hours, for new and existing clients, and despite theappreciation of the peso. *ePLDT Ventus* now operates seven facilitieswith combined seats of 5,720 and an employee base of  5,990. *ePLDT Ventus*has expanded its client base to include Fortune 500 companies in the pharmaceutical,retail, financial services and electronics industries.

 

SPi, on the other hand,generated revenues of P1.3 billion in the first three months of 2007, ofwhich 37% came from its legal and publishing business and another 26% from thehealthcare business. Its recent acquisition of Springfield, a US-based medicalbilling and accounts receivable management service provider, is expected toboost its healthcare business as it completes its revenue cycle managementoffering.

Page 8 of 11

  Exhibit 1

 

“*ePLDT Ventus* isfast gaining recognition as a leading provider of voice services in the Philippines.  The recent expansion of its clientele to include Fortune 500 companies onlyaffirms this well-deserved reputation.  After its recent acquisitions, weexpect SPi to focus on consolidating its businesses and rationalizing itsoperations. We therefore anticipate seeing not only increased revenuecontributions from SPi but improving margins as well,” said Ray C. Espinosa,ePLDT President and CEO.

 

Outlookfor 2007 

 

“The PLDT Group’s coreincome of P8.4 billion in the first quarter bodes well for the rest of2007. Our wireless business continues to outperform, growing its revenues by10% compared with the earlier guidance of mid-single digit growth.  Afterbreaching the 25 million subscriber mark in mid-February, our cellularsubscriber base surpassed 26 million at the end of April - contrary toexpectations that the cellular market was nearing saturation.    Ourtraditional fixed services remain challenging but we are extremely positiveabout our wireline and wireless broadband business which continue todemonstrate robust subscriber take up.  Both will continue to grow inimportance to our overall business in terms of profit contribution and growthprospects. Our call center business has maintained its impressive results withits organic growth and stable margins and we look forward to SPi’s improvedperformance especially as it takes on a larger role in ePLDT’s operations. Inthat light, we now expect to meet the top end of our earlier earnings guidanceof P32-33 billion.  Cash flows remain strong and we remain committed toour previous guidance of an increased dividend payout of 70%, half of which weanticipate to declare when we announce our first half results in August. Duringthe course of the year, we will continue to look at investment areas that canprovide ways to expand growth.  In the event such opportunities do not arise orwhen they do, prove unattractive, we will consider the option of returningadditional cash to our shareholders in the most efficient manner possible,”concluded Chairman Manuel V. Pangilinan.

 

###

 

Page 9 of 11

  Exhibit 1

 

 

 

*This press release maycontain some statements which constitute “forward-looking statements” that aresubject to a number of risks and uncertainties that could affect PLDT’sbusiness and results of operations.  Although PLDT believes that expectationsreflected in any forward-looking statements are reasonable, it can give noguarantee of future performance, action or events.*

** **

**For further information,please contact:**

 

Anabelle L.Chua                     Anna V. Bengzon                    Ramon R. Isberto
Tel No: 816-8213                    TelNo: 816-8024                    Tel No: 511-3101

Fax No: 844-9099                   FaxNo: 810-7138                   Fax No: 893-5174

 

 

Page 10 of 11

  Exhibit 1

 

 

**AboutPLDT**

PLDT isthe leading telecommunications provider in the Philippines. Through its threeprincipal business groups – fixed line, wireless and information communicationstechnology – PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line, cellular andsatellite network.

PLDT islisted on the Philippine Stock Exchange (PSE:TEL) and its American depositaryshares are listed on the New York Stock Exchange (NYSE:PHI).  PLDT has one ofthe largest market capitalizations among Philippine listed companies.

Furtherinformation can be obtained by visiting the web at www.pldt.com.ph.

 

 

Page 11 of 11

    
Exhibit 2

 

 

 

 

 

May 8, 2007
 

 

Philippine Stock Exchange

Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City

 

Attention:  Atty. PeteM. Malabanan
Head – Disclosure Department
 

Gentlemen:

 

Incompliance with Section 17.1(b) and Section 17.3 of the Securities RegulationCode, we submit herewith a copy of SEC Form 17-C regarding the appointment of Sycip, Gorres Velayo& Company as the Company’s external auditors for 2007.

 

This shall serve as thedisclosure letter for the purpose of complying with PSE Revised DisclosureRules.

 

 

 

Very truly yours,

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

 

 

 

/s/ Ma. Lourdes C. Rausa-Chan

MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

 

 

 

Page 1 of 5

    
Exhibit 2

 
 
 
 
 
 
May 8, 2007
 

 

Securities and ExchangeCommission

SEC Building

EDSA, Mandaluyong City

 

Attention:  Atty.Justina F. Callangan
Director, Corporations Finance Dept.

 

Gentlemen:

 

In compliance with Section 17.1(b) and Section 17.3 ofthe Securities Regulation Code, we submit herewith five (5) copies of SEC Form17-C regarding the appointment of Sycip Gorres Velayo & Company as theCompany’s external auditors for 2007.

Thankyou.

 

 

 

Very truly yours,

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

 

 

/s/ Ma. Lourdes C. Rausa-Chan

MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

 

Page 2 of 5

    

Exhibit 2

 

COVER SHEET

 

 

P

W

-

5

5

 

SEC Registration No.

 

P

H

I

L

I

P

P

I

N

E

 

L

O

N

G

 

D

I

S

T

A

N

C

E

 

 

 

 

T

E

L

E

P

H

O

N

E

 

C

O

M

P

A

N

Y

 

 

 

 

(Company’s Full Name)

 

R

A

M

O

N

 

C

O

J

U

A

N

G

C

O

 

B

U

I

L

D

I

N

G

 

M

A

K

A

T

I

 

A

V

E.

 

M

A

K

A

T

I

 

C

I

T

Y

 

 

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

 

ATTY. MA. LOURDES C. RAUSA-CHAN

 

816-8405

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

2,188,354

As of March 31, 2007

 

 

NA

 

 

NA

Total No. of Stockholders

 

Domestic

 

Foreign

----------------------------------------------------------------------------------------------------------------

To be accomplished by SEC Personnelconcerned

 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

File Number

 

LCU

 
 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

 
Document I.D.

 

Cashier

 

 

STAMPS

   

 

 

 

Remarks: Please use blackink for scanning purposes

 

Page 3 of 5

    

Exhibit 2

 

SECURITIES ANDEXCHANGE COMMISSION

 

 

SEC FORM 17-C

 

CURRENT REPORTUNDER SECTION 17

OF THE SECURITIESREGULATION CODE

AND SRC RULE 17.1

 

 

 

5.                 May 8, 2007

(Date of earliest event reported)

 

6.                 SEC Identification Number  PW-55

 

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

 

8.                 PHILIPPINE LONGDISTANCE TELEPHONE COMPANY                                        

            Exactname of registrant as specified in its charter

 

5.         PHILIPPINES6. _____________ (SEC Use Only)  

           Province, country or otherjurisdiction             Industry Classification Code

of Incorporation

 

7.         9th Floor MGO Building

            Legaspicorner dela Rosa Streets, Makati City                    1200 

     Address of principal office                                              PostalCode

 

8.         (632)816-8553                                           

            Registrant'stelephone 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

 

            Titleof Each Class                             Number of Shares of Common Stock

          Licensed and Amount of Debt Outstanding

 

_____________________________________________________________

_____________________________________________________________

_____________________________________________________________

 

Page 4 of 5

    

Exhibit 2

 

 

We advisethat at the meeting of the Board of Directors of the Company held on May 8,2007, the Board confirmed the appointment by the Audit Committee of SycipGorres Velayo & Co. as the Company’s external auditors to audit thefinancial statements of the Company for the year 2007.

 

 

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

 

 

By:

/s/Ma. Lourdes C. Rausa-Chan

           MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

 

 

May 8, 2007 

Page 5 of 5

  ** **

Exhibit 3

 

 

 

 

 

May 8, 2007

 

 

Philippine Stock Exchange

4/F Philippine Stock Exchange Center

Exchange Road, Ortigas Center

Pasig City

 

Attention:  Atty. Pete M.Malabanan

Head– Disclosure Department

 

Gentlemen:

 

            In compliancewith the disclosure requirements of the Philippine Stock Exchange, we advisethat during the meeting of the Board of Directors of our Company on May 8,2007, a total cash dividend ofP12,420,000.00 was declared, out of the unrestricted retained earnings of theCompany as of December 31, 2006, on all of the outstanding shares of theCompany’s Series IV Cumulative Non-Convertible Redeemable Preferred Stock, forthe quarter ending June 15, 2007, payable on June 15, 2007 to the holder ofrecord on May 25, 2007.

 

            Thankyou.

 

 

 

Very truly yours,

 

 

/s/ Ma. Lourdes C. Rausa-Chan

MA. LOURDES C. RAUSA-CHAN
Corporate Secretary

Page 1 of 4

  

Exhibit 3

 

COVERSHEET

 

P

W

-

5

5

 

SEC Registration No.

 

P

H

I

L

I

P

P

I

N

E

 

L

O

N

G

 

D

I

S

T

A

N

C

E

 

 

 

 

T

E

L

E

P

H

O

N

E

 

C

O

M

P

A

N

Y

 

 

 

 

(Company’s Full Name)

 

R

A

M

O

N

 

C

O

J

U

A

N

G

C

O

 

B

U

I

L

D

I

N

G

 

M

A

K

A

T

I

 

A

V

E.

 

M

A

K

A

T

I

 

C

I

T

Y

 

 

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

 

ATTY. MA. LOURDES C. RAUSA-CHAN

 

816-8405

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

2,188,364

As of March 31, 2007

 

 

NA

 

 

NA

Total No. of Stockholders

 

Domestic

 

Foreign

 

--------------------------------------------------------------------------------------------------------------

To be accomplished by SEC Personnelconcerned

 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

File Number

 

LCU

 
 

 
 

 

 

 

 

 

 

 

 

 

 

______________________________

 
Document I.D.

 

Cashier

 

 

STAMPS

   

 

 

 

Remarks: Please use blackink for scanning purposes

Page 2 of 4

    

Exhibit 3

 

SECURITIES AND EXCHANGECOMMISSION

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

9.                 8 May 2007

Date of Report (Date of earliest event reported)

 

10.             SEC Identification Number PW-55

 

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

 

12.             PHILIPPINE LONGDISTANCE TELEPHONE COMPANY

Exact name of issuer as specified in its charter

 

5.         PHILIPPINES                                                6.____________(SEC Use Only)  

Province, country or other jurisdiction              IndustryClassification Code

of Incorporation

 

7.         Ramon Cojuangco Building, Makati Avenue, Makati City               1200 

Address of principaloffice                                                      Postal Code

 

8.         (632)816-8405 

Issuer's telephone number, includingarea code
 

9.         NotApplicable 

Former name or former address, if changed since lastreport

 

11.             Securities registered pursuant to Sections 8 and 12 ofthe Securities Regulation Code and Sections 4 and 8 of the Revised SecuritiesAct

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

_____________________________________________________________

_____________________________________________________________

_____________________________________________________________

 

Page 3 of 4

    

Exhibit 3

 

 

Item9 (Other Events)

 

 

Wedisclose that the Board of Directors of Philippine Long Distance TelephoneCompany (the “Company”), at its meeting held on May 8, 2007, a total cashdividend of P12,420,000.00 was declared, out of the unrestricted retainedearnings of the Company as of December 31, 2006, on all of the outstanding sharesof the Company’s Series IV Cumulative Non-Convertible Redeemable PreferredStock, for the quarter ending June 15, 2007, payable on June 15, 2007 to theholder of record on May 25, 2007.

 

 

Pursuant to the requirements of the Securities RegulationCode, the Registrant has duly caused this Report to be signed on its behalf bythe undersigned hereto duly authorized.

 

 

 

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
By:

/s/ Ma. Lourdes C. Rausa-Chan

MA. LOURDES C. RAUSA-CHAN

Corporate Secretary

 

 

 

May8, 2007

 

Page 4 of 4

    

 

 Signatures

 

 

Pursuantto the requirements of the Securities Exchange Act of 1934, the registrant hasduly caused this report to be signed on its behalf by the undersigned,thereunto duly authorized.

 

 

 

PHILIPPINE LONG DISTANCE

TELEPHONE COMPANY

 

 

 

By        :     /s/ Ma. Lourdes C. Rausa-Chan

Name  :     Ma. Lourdes C. Rausa-Chan

Title     :     Senior Vice President, Corporate

                  Affairs and Legal Services Head 

                  and Corporate Secretary

 

 

 

 

 

 

 

Date:May 8, 2007