SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jan 20, 2017

2. SEC Identification Number

1177

3. BIR Tax Identification No.

000-768-480-000

4. Exact name of issuer as specified in its charter

Globe Telecom, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig Postal Code 1634

8. Issuer's telephone number, including area code

(02) 797-2000

9. Former name or former address, if changed since last report

N.A.

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES	132,758,388
DEBT (in Millions of Pesos)	88,136

11. Indicate the item numbers reported herein

Please refer to the relevant attachment.

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Globe Telecom, Inc.GLO

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of news report dated January 20, 2017

Source	The Philippine Star (Internet Edition)
Subject of News Report	Globe earmarks $750 M for 2017 capex
Date of Publication	Jan 20, 2017

Clarification of News Report
This is in reply to the Philippine Stock Exchange, Inc.’s (PSE) letter dated January 20, 2017 seeking clarification and/or confirmation on the news article entitled “Globe earmarks $750 M for 2017 capex” posted on The Philippine Star (Internet Edition) on January 20, 2017, which reported in part that: “MANILA, Philippines - Globe Telecom Inc. is allotting $750 million for capital expenditures this year, with the bulk intended to support data services, Globe president and CEO Ernest Cu told reporters yesterday. The capex would be funded through internally generated cash flow. Cu said the telco would want to keep the capex at a lower level this year compared to last year’s $1 billion. . . . . For this year, Cu said the plan is to continue using the bulk of the capex to boost data capacity amid growing demand for such service. . . . .”
Other Relevant Information
Please refer to the relevant attachment.