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 20, 2020

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

8. Issuer's telephone number, including area code

(02) 8726-8888

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 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Filing of a Petition for Review with the Supreme Court
Background/Description of the Disclosure
PT&T filed a Petition for Review with the Supreme Court from a Decision rendered by the Court of Appeals.

Name of the court or agency in which the proceedings are pending	Supreme Court
Date Instituted	Oct 20, 2020
Docket Number	G.R. No. 253246

Principal Parties
PT&T, Court of Appeals, and National Telecommunications Commission
Nature and description of the legal proceedings
PT&T initially filed an appeal with the Court of Appeals to assail the decision of the National Telecommunications Commission (NTC) on the amount of the Supervision and Regulation Fee (SRF) that it is collecting from PT&T. While PT&T is required to pay an annual SRF, the amount being collected by the NTC is inaccurate because it was computed by the NTC based on its erroneous assumption of the amount of PTT’s paid-up capital. This is relevant because the SRF is to be computed based on an entity’s paid-up capital. The Court of Appeals rendered a decision remanding the case to the NTC and required the NTC to re-compute the SRF due from PT&T. While the Court of Appeals required the NTC to re-compute the SRF, the Court of Appeals nevertheless affirmed the use by the NTC of the incorrect amount of PT&T’s paid-up capital in computing the SRF. Considering this erroneous ruling of the Court of Appeals, PT&T was constrained to file an appeal with the Supreme Court to rectify the said error.
The effect(s) on the Issuer's business or operations, if any
None.
Other Relevant Information
The amendment pertains to the nature and description of the legal proceedings which now provides a brief description on the proceedings which transpired with the Court of Appeals that led to the filing of an appeal with the Supreme Court.