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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of June 2024
Commission File Number 1-03006
PLDT Inc.
(Exact Name of Registrant as Specified in Its Charter)
Ramon Cojuangco Building
Makati Avenue
Makati City
Philippines
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)
Form 20-F Form 40-F
(Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes No
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________ )
NOTE REGARDING FORWARD-LOOKING STATEMENTS
Some information in this report may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words.
A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We have chosen these assumptions or bases in good faith. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in “Item 3. Key Information – Risk Factors” in our annual report on Form 20-F for the fiscal year ended December 31, 2023. You should also keep in mind that any forward-looking statement made by us in this report or elsewhere speaks only as at the date on which we made it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the statements in this report after the date hereof. In light of these risks and uncertainties, you should keep in mind that actual results may differ materially from any forward-looking statement made in this report or elsewhere.
EXHIBITS
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Copy of our letter dated June 13, 2024 in response to the letter of the Philippine Stock Exchange of even date wherein PLDT Inc. was requested to clarify information and/or to provide relevant information in relation to the news article entitled “PLDT nears sale of 49 percent stake in data centers” as posted in philSTAR.com on June 12, 2024.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.
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PLDT Inc.
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By : /s/Mark David P. Martinez Name : Mark David P. Martinez Title : Assistant Corporate Secretary Date : June 13, 2024 |
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EXHIBITS
Exhibit Number |
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Copy of our letter dated June 13, 2024 in response to the letter of the Philippine Stock Exchange of even date wherein PLDT Inc. was requested to clarify information and/or to provide relevant information in relation to the news article entitled “PLDT nears sale of 49 percent stake in data centers” as posted in philSTAR.com on June 12, 2024.
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June 13, 2024
The Philippine Stock Exchange, Inc.
6/F Philippine Stock Exchange Tower
28th Street corner 5th Avenue
Bonifacio Global City, Taguig City
Attention: Ms. Alexandra D. Tom Wong
Officer-in-Charge – Disclosure Department
Gentlemen:
We refer to the letter of the PSE dated June 13, 2024 requesting PLDT Inc. (“PLDT”) to clarify information and/or to provide relevant information in relation to the news article entitled “PLDT nears sale of 49 percent stake in data centers” as posted in philSTAR.com on June 12, 2024.
The news article states, in part, that:
“MANILA, Philippines - Telco leader PLDT Inc. will give up a 49 percent share in its data centers to a foreign company in exchange for cash, succeeding in raising the valuation of its portfolio to more than $1 billion.
PLDT is expected to sign in July a firm agreement with a foreign entity for the partial sale of its data centers, but the telco will keep majority control of 51 percent in the business.
PLDT chairman, president and CEO Manuel V. Pangilinan said proceeds from the sale would be used to settle maturing debts in line with the push to improve the telco’s financial health.
In the process, PLDT is scrapping the possibility of listing a real estate investment trust (REIT) at the Philippine Stock Exchange for its data center business. Pangilinan said listing a REIT would take time and PLDT wants the proceeds now for debt payments.
In a May report by Reuters, PLDT was said to be negotiating with Japan’s Nippon Telegraph and Telephone for the potential sale of 49 percent of its data centers. Back then, the transaction was reported to amount to $750 million.
. . .
PLDT wants to make money from the emerging industry of data centers to reduce its debt level, which stands at P242.2 billion as of March.
. . . .”
We confirm that Management is exploring options to partially monetize PLDT’s data center business with proceeds from such intended for deleveraging. As stated in our clarification to news reports dated May 10, 2024, among these options is the possibility of taking in a strategic partner. No decisions have been made at this time.
Very truly yours,
/s/Mark David P. Martinez
Mark David P. Martinez
Assistant Corporate Secretary
PLDT Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.
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PLDT Inc.
By : /s/Mark David P. Martinez Name : Mark David P. Martinez Title : Assistant Corporate Secretary Date : June 13, 2024 |
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