EXHIBIT 7

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

Calculation of Ratio of Earnings to Fixed
Charges

For the years 2008 through 2012



|                                                                                                                                                                           |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------- | ----- | - | ---- |  | --------- | ---- |  |  | --------- | - |  | ---- | --------- | - | ---- |  | --------- | - |  |  | --------- | -
|                                                                                                                                                                           |  | 2012(1)                                                  |       |   | 2012 |  |           | 2011 |  |  | 2010      |   |  | 2009 |           |   | 2008 | 
|                                                                                                                                                                           |  | (in millions, except ratio of earnings to fixed charges) |      
|Earnings: Income before income tax                                                                                                                                         |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|Pre-tax income from continuing operations before adjustment for non-controlling interest in consolidated subsidiaries or income
or loss from equity investees subsidiaries |  | US$                                                      | 1,041 |   |      |  | Php42,753 |      |  |  | Php41,728 |   |  |      | Php54,234 |   |      |  | Php55,418 |   |  |  | Php54,049 |  
|Add (Deduct):                                                                                                                                                              |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|Fixed Charges (see description below)                                                                                                                                      |  |                                                          | 249   |   |      |  | 10,237    |      |  |  | 8,945     |   |  |      | 9,130     |   |      |  | 8,834     |   |  |  | 8,609     |  
|Amortization of capitalized interest                                                                                                                                       |  |                                                          | 56    |   |      |  | 2,315     |      |  |  | 3,355     |   |  |      | 1,594     |   |      |  | 1,544     |   |  |  | 1,543     |  
|Capitalized interest                                                                                                                                                       |  |                                                          | (22   | ) |      |  | (914      | )    |  |  | (648      | ) |  |      | (710      | ) |      |  | (691      | ) |  |  | (778      | )
|                                                                                                                                                                           |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|Total Earnings(2)                                                                                                                                                          |  | US$                                                      | 1,324 |   |      |  | Php54,391 |      |  |  | Php53,380 |   |  |      | Php64,248 |   |      |  | Php65,105 |   |  |  | Php65,799 |  
|                                                                                                                                                                           |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|Fixed Charges                                                                                                                                                              |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|Interest on loans and related items                                                                                                                                        |  | US$                                                      | 154   |   |      |  | Php6,319  |      |  |  | Php5,948  |   |  |      | Php6,177  |   |      |  | Php5,987  |   |  |  | Php5,861  |  
|Capitalized interest                                                                                                                                                       |  |                                                          | 22    |   |      |  | 914       |      |  |  | 648       |   |  |      | 710       |   |      |  | 691       |   |  |  | 778       |  
|Amortization of debt issuance costs and debt discount                                                                                                                      |  |                                                          | 26    |   |      |  | 1,051     |      |  |  | 1,036     |   |  |      | 1,010     |   |      |  | 913       |   |  |  | 751       |  
|Estimated financing component of rent expense(3)                                                                                                                           |  |                                                          | 47    |   |      |  | 1,953     |      |  |  | 1,313     |   |  |      | 1,233     |   |      |  | 1,243     |   |  |  | 1,219     |  
|                                                                                                                                                                           |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|Total Fixed Charges                                                                                                                                                        |  | US$                                                      | 249   |   |      |  | Php10,237 |      |  |  | Php8,945  |   |  |      | Php9,130  |   |      |  | Php8,834  |   |  |  | Php8,609  |  
|                                                                                                                                                                           |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  
|Ratio (a/b)(2)                                                                                                                                                             |  |                                                          | 5.3   |   |      |  | 5.3       |      |  |  | 6.0       |   |  |      | 7.0       |   |      |  | 7.4       |   |  |  | 7.4       |  
|                                                                                                                                                                           |  |                                                          |       |   |      |  |           |      |  |  |           |   |  |      |           |   |      |  |           |   |  |  |           |  



|(1) | We maintain our accounts in Philippine pesos, the functional and presentation currency under IFRS. For convenience, the Philippine peso financial information as at
and for the year ended December 31, 2012 has been converted into U.S. dollars at the exchange rate of Php41.08 to US$1.00, the Philippine peso-dollar rate as quoted through the Philippine Dealing System as at December 31, 2012.
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|(2) | For purposes of this ratio, Earnings consist of: (a) pre-tax income from continuing operations before adjustment for non-controlling interest in
consolidated subsidiaries or income or loss from equity investees, (b) fixed charges, (c) amortization of capitalized interest, (d) distributed income of equity investees, and (e) share of pre-tax losses of equity investees for
which charges arising from guarantees are included in fixed charges; less the sum of the following: (1) capitalized interest, (2) preference security dividend requirements of consolidated subsidiaries, and (3) the non-controlling
interests in pre-tax income of subsidiaries that have not incurred fixed charges.
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Fixed
charges consist of interest expense and capitalized interest, amortized premiums, discounts and capitalized expenses related to indebtedness, an estimate of interest within rental expense, and preference security dividend requirements of
consolidated subsidiaries.

|(3) | Rent expense substantially represents payments for the satellite circuits leased by PLDT. Historically, PLDT has been using one-third of rent expense as a reasonable
estimate of the financing component of rent expense, since it is impracticable to determine the actual financing component of rent expense.
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