C05944-2019

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)
Aug 27, 2019
2. SEC Identification Number
A199600179
3. BIR Tax Identification No.
004-668-224
4. Exact name of issuer as specified in its charter
NOW CORPORATION
5. Province, country or other jurisdiction of incorporation
METRO MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 5-I, 5th Floor OPL Building, 100 C. Palanca Street, Legaspi Village, Makati City Postal Code 1229
8. Issuer's telephone number, including area code
+632 750-0211
9. Former name or former address, if changed since last report
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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 1,517,278,350
11. Indicate the item numbers reported herein
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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.

Now CorporationNOW

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
Source Manila Bulletin (Internet Edition)
Subject of News Report "NOW gunning to be the 4th player"
Date of Publication Aug 26, 2019
Clarification of News Report

“NOW Telecom is collaborating with Singapore-based HyalRoute Group, which is investing $1- $2 billion to roll out a fiber optic cable network in the Philippines via its local subsidiary Philippine Fiber Optic Cable Network, Ltd. (PFOCN).

Because NOW has a 25-year congressional franchise to provide telecommunications services throughout the country and is also cellular mobile telephone system (CMTS) licensee, its partnership with PFOCN puts the telco ‘in the best position to be the country’s fourth telco’, according to industry analysts.

The HyalRoute Group is a global provider of shared communications fiber network and subsidiary PFOCN is leasing its fiber optic cable network to domestic telcos, Internet service providers (ISPs), and cable TV operators.

PFOCN and NOW Telecom signed a Memorandum of Understanding to support the latter’s nationwide expansion, sharing fiber infrastructure assets nationwide, including access to fiber optic cores and other related facilities.

NOW Telecom revealed they will also roll-out a fiber optic cable network with PFOCN.

. . . .

The DICT, which has also signed a memorandum of agreement with PFOCN, stated that the latter’s investment will address the need to extend the fiber optic network to nonviable rural areas, which local telcos are incapable of doing right now.

And NOW’s partnership with HyalRoute and PFOCN will accelerate the former’s nationwide deployment through the availability of a nationwide transmission backbone.

NOW Telecom can reach consumers faster than a pure fiber-based broadband provider at a fraction of their capital expenditure, leading to more compelling broadband offers.

The local telco can then cater to markets that are currently underserved because of the huge costs required. The presence of its partner, a provider-agnostic fiber operator, solves a key infrastructure elements of NOW’s 5G plan and enables it to launch disruptive 5G offerings.

‘The nationwide backbone (of HyalRoute-PFOCN) allows us to replicate our success in Metro Manila with guaranteed throughput broadband services that continue to resonate with enterprises especially those where availability of reliable broadband is mission-critical,’ NOW Telecom president Rodolfo Pantoja explained.

PFOCN will roll-out its network in phases starting this year until 2028, giving preferential rates to the government for its free WiFi and National Broadband Program while the rest of its capacity will be leased to other players.”

NOW Corporation (the “Company”) would like to confirm that its affiliate, NOW Telecom Company, Inc., has signed a Memorandum of Understanding (MOU) with Hyalroute Group-owned Philippine Fiber Optic Cable Network Ltd Inc. (PFOCN) to utilize its fiber optic assets as PFOCN conducts a nationwide rollout. This was disclosed to the Exchange last July 26, 2019. With its recently renewed 25-year Congressional Franchise, and partnership agreements with local and foreign partners, NOW Telecom intends to intensify its national roll-out of telecommunications operations to provide a more competitive telecommunications industry landscape.

The Company would also like to confirm NOW Telecom’s preparations and pivot towards the 5G era of telecommunications with the presence of PFOCN, a provider-agnostic fiber operator, providing the key infrastructure element that will enable it to launch consumer-friendly 5G offerings.
Other Relevant Information

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Filed on behalf by:
Name Angeline Macasaet
Designation Corporate Secretary