C00022-2026

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)
Jan 2, 2026
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
Metro Manila, 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) 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 144,468,524
Total debt (Php Mn) 253,491
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 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Corporate Disclosure – Press Release entitled “Globe Telecom and technology services leader NCS announce completion of Joint Venture, expanding reach and technology capabilities across APAC”
Background/Description of the Disclosure

Further to its disclosure last 26 March 2025, Globe Telecom, Inc. (PSE: GLO), a leading digital platform in the Philippines with major interests in telecommunications, financial technology, corporate venture building, data insighting solutions and digital marketing, announced today the successful close of its joint venture with Singapore-headquartered technology services firm NCS Pte. Ltd. (“NCS”), through its wholly-owned subsidiary NCSI Holdings Pte. Ltd. (“NCSI”).

This concludes the agreement that Globe and NCS entered into last 26 March 2025, embarking on a partnership that sees Globe retaining 49% ownership and NCS 51% in Yondu Inc. (“Yondu”), as well as Yondu’s acquisition of NCSI Philippines, Inc. (“NCSI PH”) from NCSI, making NCSI PH a wholly owned subsidiary of Yondu.

We submit the attached pertinent press release entitled “Globe Telecom and technology services leader NCS announce completion of Joint Venture, expanding reach and technology capabilities across APAC”.

We submit this information in accordance with our corporate governance standards and pertinent disclosure rules and regulations.

Thank you very much.
Date of Approval by
Board of Directors		 Mar 26, 2025
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The combined resources and capabilities of Yondu and NCS are envisioned to advance the joint venture's ICT capabilities, allowing it to leverage NCS' regional scale, digital expertise, access to partner ecosystems, and innovation across APAC. This also positions the joint venture to serve the region's growing demand for advanced technology solutions while expanding access to digital, cloud, data, and AI services for regional and international clients.
Details of the acquisition or disposition
Date Jan 2, 2026
Manner

NCSI acquired 51% ownership of Yondu by way of: (i) subscribing to Fifty Thousand (50,000) common shares out of Yondu’s unissued shares through the execution of a subscription agreement by and between NSCI and Yondu; and (ii) acquiring One Thousand (1,000) common shares from Globe through the execution of a deed of absolute sale by and between NCSI and Globe.
Description of the company to be acquired or sold

Yondu is an information technology (IT) service provider incorporated in the Philippines, offering a comprehensive suite of digital services to businesses.
The terms and conditions of the transaction
Number of shares to be acquired or disposed 51,000
Percentage to the total outstanding shares of the company subject of the transaction 51
Price per share Php18.8K per subscribed share;Php15K per acquired
Nature and amount of consideration given or received

NCSI acquired 51% of Yondu for a total of Php952,680,000.00, broken down into: (i) Php937,680,000.00 for the subscribed shares; and (ii) Php15,000,000.00 for the acquired shares.
Principle followed in determining the amount of consideration

Valuation exercises undertaken by both Globe and NCSI as aligned with due diligence findings on NCSI PH and Yondu.
Terms of payment

NCSI paid Php 952,680,000.00 in cash, with retention amount to cover for possible tax exposures.
Conditions precedent to closing of the transaction, if any

Approvals and other conditions customary to similar transactions.
Any other salient terms

The transaction required Yondu to acquire shares of NCSI PH that will result in Yondu’s full ownership of NCSI PH. Total consideration for this particular acquisition was Php 818,000,000.00.
Identity of the person(s) from whom the shares were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Yondu Inc. Subsidiary of Issuer
NCSI Holdings Pte. Ltd. None
Effect(s) on the business, financial condition and operations of the Issuer, if any

Globe will cease to consolidate Yondu’s financials in its consolidated financial statements. No material impact on Globe’s business and consolidated revenues is expected.
Other Relevant Information

Please refer to the relevant attachment.
Filed on behalf by:
Name Jose Mari Fajardo
Designation Senior Director