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 2, 2018

2. SEC Identification Number

21817

3. BIR Tax Identification No.

000-530-631

4. Exact name of issuer as specified in its charter

PHILIPPINE TELEGRAPH AND TELEPHONE CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

106 Carlos Palanca St., Legaspi Village, Makati City Postal Code 1229

8. Issuer's telephone number, including area code

(02) 8944622

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 Stock @ 1.oo par value	1,500,000,000

11. Indicate the item numbers reported herein

Item 9. Others

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.

Philippine Telegraph and Telephone CorporationPTT

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
News article entitled “PT&T owes govt half a billion pesos” posted in The Manila Times.net on October 2, 2018.

Source	Manilatimes.net
Subject of News Report	Outstanding Supervision and Regulation Fees (SRF) owed by PTT to the NTC
Date of Publication	Oct 2, 2018

Clarification of News Report
Reply to the Exchange's correspondence dated 2 October 2018, seeking clarification on the news article entitled “PT&T owes govt half a billion pesos” posted in The Manila Times.net on October 2, 2018 which reported in part that: “Philippine Telegraph and Telephone Co. (PT&T) owes the government almost half a billion pesos in fees, the National Telecommunications Commission (NTC) said, a claim that the telecommunications company (telco) disputed. In a decision written last Friday and released to the media on Monday, the state-run agency said the third major telco aspirant needed to settle more than P443.79 million in outstanding supervision and regulation fees (SRF) and interest incurred from 2002 to 2017. The commission computed the SRF based on PT&T’s paid-up capital, which stood at P2.344 billion in 2002, P2.054 billion from 2003 to 2011, and P10.765 billion from 2012 to 2017." REPLY: PTT confirms that the National Telecommunications Commission (NTC) is requiring it to pay P 443.79 million pesos for Supervision and Regulation Fee (SRF) for the years 2002 to 2017. As disclosed with the Philippine Stock Exchange, PTT filed yesterday a petition with the Court of Appeals for the purpose of assailing the decision of the NTC which requires PTT to pay the said amount. The amount of the SRF being collected from PT&T is inaccurate because the same was computed by the NTC based on its erroneous assumption of the amount of PT&T's paid-up capital. As a sign of PTT's willingness to comply with the regulations of NTC, PTT paid last 28 September 2018 the uncontested portion of the SRF for the year 2018 in the amount of 10.2 million pesos based on the correct paid-up capital of PTT. Last 28 September 2018, PTT likewise paid in full its outstanding Spectrum User Fee (SUF) due to NTC in the amount of 20.5 million pesos.
Other Relevant Information
N/A