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)

Aug 14, 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

Metro Manila, 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	132,914,259
Total debt (in Php Mn)	123,578

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

Source	Manila Bulletin (Internet Edition)
Subject of News Report	"Globe Telecom mulls raising capex up to $800 M this year"
Date of Publication	Aug 13, 2017

Clarification of News Report
Clarification on capex plans for 2017. Please see relevant attachment for details.
Other Relevant Information
This is in reply to the Philippine Stock Exchange, Inc.’s (PSE) letter dated August 14, 2017 with respect to the news article entitled “Globe Telecom mulls raising capex up to $800 M this year” posted in Manila Bulletin (Internet Edition) on August 13, 2017. The article reported in part that: “Globe Telecom, Inc., the telecommunications arm of the Ayala Group, is looking at the possibility of raising its capital expenditure (capex) to up to US$800 million this year as it allots more fund in improving its data capacity. Globe president and chief executive officer (CEO) Ernest Cu announced this as the company commercially launched its Southeast Asia-United States (SEA-US) submarine cable system, which would provide direct links between Davao and the United States for enhanced international connectivity for businesses in Mindanao and the rest of the country. ‘On top of our US$ 250-million investment for the SEA-US Cable, we are also looking at (expanding) our capex to US$800 million to invest more for the network,’ Cu said in his speech during the launch. ‘Our capex for the year is $750 million. We will formalize our capex in the third quarter. But if you look at (our earnings report), we also did our earnings call, I think we are already tracking $500 million spending in the first six months of the year. So there’s really a possibility of raising capex for the year,’ he later on added during an interview with reporters. Cu said the additional capex will likewise be allotted to improving the company’s data capacity. . . . .”