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)

May 4, 2023

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

Spirit of Communications Center 106 C. Palanca St. Legaspi Village, Makati City Postal Code 1229

8. Issuer's telephone number, including area code

0287268888

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 at 1.00 per share	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
PT&T seeks to raise up to P17B to enhance network infra

Source	Inquirer.net
Subject of News Report	PT&T seeks to raise up to P17B to enhance network infra
Date of Publication	May 4, 2023

Clarification of News Report
This is in reply to the letter of the Exchange dated today, seeking clarification and/or confirmation regarding the timeline and mode of the planned capital raising, mentioned in the news article entitled “PT&T seeks to raise up to P17B to enhance network infra” posted in Inquirer.net on May 4, 2023, which reported in part: “MANILA -Philippine Telegraph & Telephone Corp. (PT&T) is eyeing to tap the equity market as early as the fourth quarter to raise up to P17 billion to finance the upgrade of its network infrastructure. In a statement on Wednesday, the listed telecommunications player said it was preparing to secure P11 billion to P17 billion. ‘Our timeline is fourth quarter this year to first half of next year,’ PT&T president and CEO James Velasquez told the Inquirer. He did not disclose further details, but noted the funds would be raised ‘mostly via equity.’ The proposed fund-raising activity comes amid its plan to expand broadband and information technology (IT) services in the Cavite, Laguna, Batangas, Rizal and Quezon areas. ‘While we remain committed to our core business of connectivity, we are also exploring opportunities beyond our current business. Our investment in IT services is expected to open doors to new markets and revenue streams in the coming years,’ Velasquez said in the statement.” In reply, PT&T confirms the “fourth quarter of this year to first half of next year” timeline mentioned in the news article. PT&T likewise confirm that the mode of raising the capital will be done mostly through equity.
Other Relevant Information
None