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)

Sep 27, 2021

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 C. Palanca St. Legazpi 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 @ PhP 1.00 par value	1,500,000,000

11. Indicate the item numbers reported herein

N/A

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
Clarification re: "PT&T ready to spend $250M for its comeback bid"

Source	https://business.inquirer.net/331448/ptt-ready-to-spend-250m-for-its-comeback-bid
Subject of News Report	PT&T ready to spend $250M for its comeback bid
Date of Publication	Sep 27, 2021

Clarification of News Report
We write with respect to the attached news article entitled “PT&T ready to spend $250M for its comeback bid” posted in Inquirer.net on 27 September 2021. The article reported in part that: 1. “Philippine Telegraph and Telephone Corp. (PT&T) is planning to invest $250 million over the next two years to expand its broadband footprint in Luzon. PT&T Chief Executive James Velasquez told the Inquirer the Company would bankroll the effort through debt and equity fundraising, with an investor roadshow eyed around the first quarter of 2022. PT&T confirms that it intends to raise the said amount for the expansion of its network. The said amount will be raised through debt and/or equity fundraising. To secure potential investors, PT&T also confirms that it will be conducting investor roadshow in the first quarter of 2022. 2. ‘What is important is expanding our network where we are, which is Metro Manila and Calabarzon,’ he said, referring to the provinces of Batangas, Cavite, Laguna, Quezon and Rizal. First phase Other areas of expansion were information technology and managed services for businesses, Velasquez noted. He said the investment budget was just the first phase of a plan to go nationwide. Phase one would allow PT&T’s broadband services to reach about seven million households and business customers from less than a million today. Velasquez said PT&T has yet to finalize the amount to be raised. . . . .” PT&T confirms that the expansion will initially focus in areas where it is currently operating and offering its services which are in Metro Manila and CALABARZON. The amount to be raised initially is only for the first phase of expanding PT&T’s existing coverage area. PT&T is still in the process of finalizing the total amount to be raised for the implementation of its ultimate goal of having a nationwide operation.
Other Relevant Information
None.