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)
Jun 22, 2022
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
27/F, The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, TaguigPostal Code1634
8. Issuer's telephone number, including area code
(02) 7797-2000
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
133,619,207
Total Debt
217,741
11. Indicate the item numbers reported herein
Please refer to the attached
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 with respect to news article entitled “Globe downplays report on 'tower sale', says business as usual on telco assets”
Source
abs-cbn.com
Subject of News Report
“Globe downplays report on 'tower sale', says business as usual on telco assets”
Date of Publication
Jun 21, 2022
Clarification of News Report
This is in reply to the Philippine Stock Exchange, Inc.’s (PSE) letter dated June 22, 2022 with respect to the attached news article entitled “Globe downplays report on 'tower sale', says business as usual on telco assets” posted in abs-cbn.com on June 21, 2022. The article reported in part that:
“Globe Telecom on Tuesday said it’s business as usual in terms of its telco assets after Bloomberg reported that it is mulling the sale of half of its towers for $1.5 billion. ‘Globe is on business-as-usual mode with regards to the tower assets. We have been approached by the different TowerCos given the recent transaction but this is consistent with our typical engagement with them given they are also our vendors,’ the Ayala-led telco said in a statement. Bloomberg earlier reported that the telco is mulling the sale of about 6,000 towers. ‘As mentioned in the article, to date, Globe has no Board approval to proceed and execute any transaction for our tower assets, other than the engagement of the tower companies for our network rollout,’ it said. . . . .”
We confirm that Globe is on business-as-usual mode with regard to our tower assets. Globe continues to enable the different tower companies through our built-to-suit initiative as well as our continuous discussions on various other models, structures and potential agreements that will help our network rollout and operations. As mentioned in the article, to date, Globe has no Board approval to proceed and execute any transaction for our tower assets, other than the engagement of the tower companies for our network rollout. Rest assured, we will disclose pertinent information on the matter in due course.