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)

Oct 23, 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 City 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

Clarification of News Report - 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
Response to PSE Inquiry – Clarification of News Report on The Manila Times (Internet Edition)

Source	The Manila Times (Internet Edition)
Subject of News Report	"CA upholds legality of telco buyout deal"
Date of Publication	Oct 23, 2017

Clarification of News Report
Clarification of news on the decision of the Court of Appeals on the legality of Globe Telecom and PLDT's purchase of San Miguel's telecommunication assets. Please see relevant attachment for details.
Other Relevant Information
This is in reply to the Philippine Stock Exchange, Inc.’s (PSE) letter dated October 23, 2017 with respect to the news article entitled “CA upholds legality of telco buyout deal” posted in The Manila Times (Internet Edition) on October 23, 2017. The article reported in part that: “The Court of Appeals (CA) has affirmed the legality of Globe Telecom and PLDT’s purchase of San Miguel’s telecommunication assets, dealing blow to an anti-trust body’s bid to review the multi-billion peso deal. A 54-page decision penned by Associate Justice Ramon Bato and concurred with by fellow associate justices Manuel Barrios and Maria Eliza Sempio Diy, the CA’s Former 12th Division ordered the Philippine Competition Commission (PCC) to effectively approve the P69.1-billion sale, announced in May last year . . . .”