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)

Dec 21, 2017

2. SEC Identification Number

PW-55

3. BIR Tax Identification No.

000-488-793

4. Exact name of issuer as specified in its charter

PLDT Inc.

5. Province, country or other jurisdiction of incorporation

NOT APPLICABLE

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

RAMON COJUANGCO BUILDING, MAKATI AVENUE, MAKATI CITY Postal Code 1200

8. Issuer's telephone number, including area code

(632) 816-8553

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

NOT APPLICABLE

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
-	-

11. Indicate the item numbers reported herein

-

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.

PLDT Inc.TEL

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 article entitled “PLDT readies record P50-B capex for 2018” posted in The Philippine Star (Internet Edition) on December 21, 2017.

Source	The Philippine Star (Internet Edition)
Subject of News Report	"PLDT readies record P50-B capex for 2018”
Date of Publication	Dec 21, 2017

Clarification of News Report
We confirm the statement of our Chairman and CEO that PLDT is set to spend more than P50 billion for capital expenditures (capex) for 2018. This record high capex budget is to support our various network initiatives to further expand the reach of PLDT’s home broadband network as well as enhance the coverage and capacity of our 3G/LTE network across the country. These investments are in line with our commitment to build an unparalleled fixed and wireless network that will provide our customers with a superior data experience. The substantive portion of our capex spend would be supported by our operating cash flows. However, the higher amount of capex would also have to be funded partly through a sale of assets.
Other Relevant Information
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