EXHIBIT 8

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

Subsidiaries as at December 31, 2011



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|---------------------------------------------------------------------------------------------- |  | ---------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------- | ----- |  | -------- |  | ----- | 
|                                                                                               |  | Place of               |  |                                                                                                                                                                             |  | Percentage of Ownership |      
|Name of Subsidiary                                                                             |  | Incorporation          |  | Principal Business Activity                                                                                                                                                 |  | Direct                  |       |  | Indirect | 
|                                                                                               |  |                        |  |                                                                                                                                                                            
|Wireless                                                                                       |  |                        |  |                                                                                                                                                                             |  |                         |       |  |          |  |       | 
|Smart:                                                                                         |  | Philippines            |  | Cellular mobile services                                                                                                                                                    |  |                         | 100.0 |  |          |  |      | 
|Smart Broadband, Inc., or SBI, and Subsidiaries, or SBI Group                                  |  | Philippines            |  | Internet broadband distribution services                                                                                                                                    |  |                         |      |  |          |  | 100.0 | 
|Primeworld Digital Systems, Inc., or PDSI                                                      |  | Philippines            |  | Internet broadband distribution services                                                                                                                                    |  |                         |      |  |          |  | 100.0 | 
|I-Contacts Corporation, or I-Contacts                                                          |  | Philippines            |  | Call center services                                                                                                                                                        |  |                         |      |  |          |  | 100.0 | 
|Wolfpac Mobile, Inc., or Wolfpac                                                               |  | Philippines            |  | Mobile applications development and services                                                                                                                                |  |                         |      |  |          |  | 100.0 | 
|Wireless Card, Inc., or WCI                                                                    |  | Philippines            |  | Promotion of the sale and/or patronage of debit and/or charge cards                                                                                                         |  |                         |      |  |          |  | 100.0 | 
|Smarthub, Inc., or SHI                                                                         |  | Philippines            |  | Software development and sale of maintenance and support services                                                                                                           |  |                         |      |  |          |  | 100.0 | 
|Smart Money Holdings Corporation, or SMHC:                                                     |  | Cayman Islands         |  | Investment company                                                                                                                                                          |  |                         |      |  |          |  | 100.0 | 
|Smart Money, Inc., or SMI                                                                      |  | Cayman Islands         |  | Mobile commerce solutions marketing                                                                                                                                         |  |                         |      |  |          |  | 100.0 | 
|Telecoms Solutions, Inc., or TSI(a)                                                            |  | Mauritius              |  | Mobile commerce platforms                                                                                                                                                   |  |                         |      |  |          |  |      | 
|Far East Capital Limited, or FECL, and Subsidiary, or FECL Group                               |  | Cayman Islands         |  | Cost effective offshore financing and risk management activities for Smart                                                                                                  |  |                         |      |  |          |  | 100.0 | 
|PH Communications Holdings Corporation, or PHC                                                 |  | Philippines            |  | Investment company                                                                                                                                                          |  |                         |      |  |          |  | 100.0 | 
|Francom Holdings, Inc., or FHI:                                                                |  | Philippines            |  | Investment company                                                                                                                                                          |  |                         |      |  |          |  | 100.0 | 
|Connectivity Unlimited Resource Enterprise, or CURE                                            |  | Philippines            |  | Cellular mobile services                                                                                                                                                    |  |                         |      |  |          |  | 100.0 | 
|Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group                          |  | British Virgin Islands |  | Mobile applications development and services; Content provider                                                                                                              |  |                         |      |  |          |  | 100.0 | 
|Smarthub Pte. Ltd. (formerly SmartConnect Holdings Pte. Ltd.), or SHPL:                        |  | Singapore              |  | Investment company                                                                                                                                                          |  |                         |      |  |          |  | 100.0 | 
|SmartConnect Global Pte. Ltd., or SGP                                                          |  | Singapore              |  | International trade of satellites and Global System for Mobile Communication, or GSM, enabled global
telecommunications                                                     |  |                         |      |  |          |  | 100.0 | 
|3rd Brand Pte. Ltd., or 3rd Brand                                                              |  | Singapore              |  | Solutions and systems integration services                                                                                                                                  |  |                         |      |  |          |  | 85.0  | 
|Blue Ocean Wireless, or BOW(b)                                                                 |  | Isle of Man            |  | Delivery of GSM communication capability for the maritime sector                                                                                                            |  |                         |      |  |          |  |      | 
|Telesat, Inc., or Telesat(c)                                                                   |  | Philippines            |  | Satellite communications services                                                                                                                                           |  |                         | 100.0 |  |          |  |      | 
|ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines                           |  | Philippines            |  | Satellite information and messaging services                                                                                                                                |  |                         | 88.5  |  |          |  | 11.5  | 
|Mabuhay Satellite Corporation, or Mabuhay Satellite(c)                                         |  | Philippines            |  | Satellite communications services                                                                                                                                           |  |                         | 67.0  |  |          |  |      | 
|Digitel Mobile Philippines, Inc., or DMPI, a wholly-owned subsidiary of Digitel(g)             |  | Philippines            |  | Cellular mobile services                                                                                                                                                    |  |                         |      |  |          |  | 70.2  | 
|                                                                                               |  |                        |  |                                                                                                                                                                            
|Fixed Line                                                                                     |  |                        |  |                                                                                                                                                                             |  |                         |       |  |          |  |       | 
|ePLDT, Inc., or ePLDT(d):                                                                      |  | Philippines            |  | Information and communications infrastructure for Internet-based services, e-commerce, customer relationship management and
information technology, or IT, related services |  |                         | 100.0 |  |          |  |      | 
|ABM Global Solutions, Inc. (formerly BayanTrade, Inc.), or AGS, and Subsidiaries, or AGS Group |  | Philippines            |  | Internet-based purchasing, IT consulting and professional services                                                                                                          |  |                         |      |  |          |  | 93.5  | 
|Digital Paradise, Inc., or Digital Paradise(e)                                                 |  | Philippines            |  | Internet services                                                                                                                                                           |  |                         |      |  |          |  |      | 
|ePDS, Inc., or ePDS                                                                            |  | Philippines            |  | Bills printing and other related value-added services, or VAS                                                                                                               |  |                         |      |  |          |  | 67.0  | 
|netGames, Inc., or netGames                                                                    |  | Philippines            |  | Customer relationship management                                                                                                                                            |  |                         |      |  |          |  | 57.5  | 
|Level Up!, Inc., or Level Up!(f)                                                               |  | Philippines            |  | Publisher of online games                                                                                                                                                   |  |                         |      |  |          |  |      | 
|PLDT Clark Telecom, Inc., or ClarkTel                                                          |  | Philippines            |  | Telecommunications services                                                                                                                                                 |  |                         | 100.0 |  |          |  |      | 
|PLDT Subic Telecom, Inc., or SubicTel                                                          |  | Philippines            |  | Telecommunications services                                                                                                                                                 |  |                         | 100.0 |  |          |  |      | 
|PLDT Global Corporation, or PLDT Global, and Subsidiaries, or PLDT Global Group                |  | British Virgin Islands |  | Telecommunications services                                                                                                                                                 |  |                         | 100.0 |  |          |  |      | 
|Smart-NTT Multimedia, Inc., or SNMI(c)                                                         |  | Philippines            |  | Data and network services                                                                                                                                                   |  |                         | 100.0 |  |          |  |      | 
|PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group                             |  | Philippines            |  | Telecommunications services                                                                                                                                                 |  |                         | 100.0 |  |          |  |      | 
|PLDT-Maratel, Inc., or Maratel                                                                 |  | Philippines            |  | Telecommunications services                                                                                                                                                 |  |                         | 97.8  |  |          |  |      | 
|Bonifacio Communications Corporation, or BCC                                                   |  | Philippines            |  | Telecommunications, infrastructure and related VAS                                                                                                                          |  |                         | 75.0  |  |          |  |      | 
|Digitel(g):                                                                                    |  | Philippines            |  | Telecommunications services                                                                                                                                                 |  |                         | 70.2  |  |          |  |      | 
|Digitel Capital Philippines Ltd., or DCPL                                                      |  | British Virgin Islands |  | Telecommunications services                                                                                                                                                 |  |                         |      |  |          |  | 70.2  | 
|Digitel Information Technology Services, Inc. or DITSI                                         |  | Philippines            |  | Internet services                                                                                                                                                           |  |                         |      |  |          |  | 70.2  | 
|Pilipinas Global Network Limited, or PGNL                                                      |  | British Virgin Islands |  | International distributor of Filipino channels and content                                                                                                                  |  |                         | 60.0  |  |          |  |      | 



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|----------------------------------------------------------------- |  | ----------- |  | -------------------------------- |  |  | ----- |  |  |  | ----- | 
|                                                                  |  |             |  |                                 
|BPO                                                               |  |             |  |                                  |  |  |       |  |  |  |       | 
|SPi Global Holdings, Inc., or SPi Global(h):                      |  | Philippines |  | Investment company               |  |  | 100.0 |  |  |  |      | 
|SPi Technologies, Inc., or SPi, and Subsidiaries, or SPi Group(d) |  | Philippines |  | Knowledge processing solutions   |  |  |      |  |  |  | 100.0 | 
|SPi CRM, Inc., or SPi CRM(d)                                      |  | Philippines |  | Customer relationship management |  |  |      |  |  |  | 100.0 | 
|Infocom Technologies, Inc., or Infocom(d)                         |  | Philippines |  | Customer relationship management |  |  |      |  |  |  | 99.6  | 
|                                                                  |  |             |  |                                 
|Others                                                            |  |             |  |                                  |  |  |       |  |  |  |       | 
|PLDT Communications and Energy Ventures, Inc., or PCEV            |  | Philippines |  | Investment holding company       |  |  |      |  |  |  | 99.5  | 



|(a) | Dissolved on May 3, 2011.
|--- | -------------------------

|(b) | In June 2011, the management and operations of BOW were sold by SHPL to Stratos BV, a third
party.
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|(c) | Ceased commercial operations.
|--- | -----------------------------

|(d) | On December 6, 2011, SPi, SPi CRM and Infocom were transferred by ePLDT to SPi Global to
support PLDTs objective to grow the BPO segment.
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|(e) | On April 1, 2011, ePLDT sold its entire 75% equity interest in Digital Paradise.
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|(f) | On July 11, 2011, ePLDT sold its 57.5% interest in Level Up!.
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|(g) | On October 26, 2011, PLDT acquired 51.6% equity interest in Digitel. On December 8,
2011 PLDT exercised the conversion option on convertible and exchangeable bonds issued by Digitel and DCPL, respectively, for an aggregate of 4 billion Digitel common shares, increasing PLDTs equity interest from 51.6% to 70.2%. At the end of
the tender offer period on January 16, 2012, PLDTs equity interest in Digitel increased from 70.2% to 98%. The acquisition of 51.6% equity interest in Digitel and mandatory tender offer were accounted for as linked transactions, and the
acquisition of Digitel was treated as if 100% equity interest were obtained up to end of tender offer period where the actual remaining noncontrolling interest is determined. See Note 13  Business Combinations  PLDTs Acquisition of
Digitel to the accompanying consolidated financial statements in Item 18 for further discussion.
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|(h) | On July 25, 2011, SPi Global was sold by ePLDT to PLDT and reclassified as a holding company
for BPO segment. ePLDT and its remaining subsidiaries were folded to the fixed line business of PLDT. See in Note 4  Operating Segment Information to the accompanying consolidated financial statements in Item 18 for further discussion.
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