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)

Nov 2, 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	132,914,529
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 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Disclosure Update on the Court of Appeals’ (CA) decision on the legality of Globe Telecom, Inc. and Philippine Long Distance Telephone Company’s (PLDT) purchase of San Miguel’s telecommunication assets.
Background/Description of the Disclosure
This is an update to our earlier disclosure dated 23 October 2017 on the news article with regard to the Court of Appeals’ (CA) decision on the legality of Globe Telecom and Philippine Long Distance Telephone Company’s (PLDT) purchase of San Miguel’s telecommunication assets. We wish to confirm that the CA affirmed, through a Notice of Decision dated 18 October 2017, the position of Globe Telecom and PLDT that the said transaction is deemed approved under Memorandum Circular No. 16-002 of the Philippine Competition Commission.
Other Relevant Information
Please refer to the relevant attachment.