Manila, Philippines, 4th September 2012 - Philippine Long Distance Telephone Company ("PLDT") notes recent press speculation/rumor regarding a potential sale of SPi Global ("SPi").
As part of its continual strategic review of its portfolio, PLDT regularly evaluates and explores potential options with regard to acquisitions and divestitures of specific subsidiaries and business units including SPi.
However at this time, no decision has been made with regard to any sale or other disposition of SPi. PLDT and SPi management remain focused on continuing the strong performance of this business and investing to support its ambitious business plan.
PLDT remains very confident in the long-term prospects of SPi given the strength of the business model and management team and believes it is well positioned to capitalise on significant market opportunities for further growth.
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