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
Report on Form 6-K dated May 3, 2004
(Commission File No. 1-15024)
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
(Name of Registrant)
Ramon Cojuangco Building
Makati Avenue, Makati City
Philippines 0721
(Address of Principal Executive Officers)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F: y Form 40-F: o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):
Yes: o No: y
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation by Regulation S-T Rule 101 (b) (7):
Yes: o No: y
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes: o No: y
Enclosure:
A copy of the press release that is being issued today by Philippine Long Distance Telephone Company, entitled “Smart’s Final Extension of Deadline to May 31st, 2004 for Piltel Creditors to Make Exchange Offer”.
Security Code # CM-040
May 3, 2004
Philippine Stock Exchange
Disclosure Department
4/F Philippine Stock Exchange Center
PSE Center, Exchange Road
Ortigas Center, Pasig City
Attention: Atty. Jose G. Cervantes
Senior Vice President
Gentlemen:
In accordance with Sections 17.1 (b) and 17.3 of the Securities Regulation Code, enclosed is a copy of a Current Report with a press release attached thereto entitled “Smart’s Final Extension of Deadline to May 31st, 2004 for Piltel Creditors to Make Exchange Offer”.
Very truly yours,
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
ANABELLE L. CHUA
Treasurer and Senior Vice President
May 3, 2004
Securities & Exchange Commission
Corporations Finance Department
SEC Building, EDSA
Mandaluyong City
Attention: Director Justina F. Callangan
Corporations Finance Department
Gentlemen:
In accordance with Section 17.1 (b) of Securities Regulation Code, we are submitting herewith five (5) copies of a Current Report with a press release attached thereto entitled “Smart’s Final Extension of Deadline to May 31st, 2004 for Piltel Creditors to Make Exchange Offer”.
Very truly yours,
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
ANABELLE L. CHUA
Treasurer and Senior Vice President
SEC Number PW-55
File Number _______
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
(Company’s Full Name)
10th Floor, PLDT Tower I, Ayala Avenue, Makati City
(Company’s Address)
814-3664_______________
(Telephone Number)
_________________N.A._________________
(Fiscal Year Ending
(month & day)
CURRENT REPORT UNDER SECTION 17 OF THE
SECURITIES REGULATION CODE_________
(Form Type)
___________________N.A._________________
Amendment Designation (If applicable)
___________________N.A._________________
Period Ended Date
___________________N.A._________________
(Secondary License Type and File Number)
SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE (“SRC”)
1. May 3, 2004 ________________
Date of Report (Date of earliest event reported)
2. SEC Identification Number __PW-55 _ 3. BIR Tax Identification No. __000-488-793
4. Philippine Long Distance Telephone Company __________________________
Exact name of registrant as specified in its charter
5. Philippines ___________________________
6. (SEC Use Only)
Province, country or other jurisdiction or Industry Classification Code:
Incorporation
7. 10th Floor PLDT Tower I, Ayala Avenue, Makati City__________ _____1200___
Address of principal office Postal Code
8. (632) 814-3664 ______________________________________________________
Registrant’s telephone number, including area code
9. Not Applicable_________________________________________________________
Former name or former address, if changed since last report
10. Securities registered pursuant to Sections 8 and 12 of the SRC
Title of Each Class Number of Shares of Common Stock
Outstanding and Amount of Debt Outstanding
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
Enclosed is a copy of a press release entitled “Smart’s Final Extension of Deadline to May 31st, 2004 for Piltel Creditors to Make Exchange Offer”.
SIGNATURE
Pursuant to the requirements of the Securities Regulation Code, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
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PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
ANABELLE L.CHUA Treasurer and Senior Vice President
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Date : 3 May 2004
Distribution Copies: 5 copies - Securities & Exchange Commission
1 copy - Philippine Stock Exchange
1 copy - Company Secretary
SMART’S FINAL EXTENSION OF DEADLINE TO MAY 31ST, 2004
FOR PILTEL CREDITORS TO MAKE EXCHANGE OFFER
Manila, Philippines, May 3, 2004 – Further to its Press Releases of March 22nd, 2004 and April 21st, 2004, Smart Communications, Inc (“Smart”), a wholly-owned subsidiary of Philippine Long Distance Telephone Company (“PLDT”) (PSE:TEL) (NYSE:PHI), announced today that it has granted one further extension of the deadline to accept offers from creditors of Pilipino Telephone Corporation (“Piltel”) to sell their Piltel debt. Accordingly, the deadline for Piltel creditors to make an offer to sell their Piltel debt has been extended to the close of business (5:00 p.m., Manila time) on Monday, May 31st, 2004. All other material terms of the invitations issued by Smart on March 23rd, 2004 remain unchanged.
In its press release of April 21st 2004, Smart had extended its invitation to Piltel creditors to sell their Piltel debt to Smart to Friday, April 30th, 2004, and it was indicated in the same press release that some creditors required further time to complete their formal approvals.
Smart advises that, as of last Friday evening, some of those creditors submitted their offers and Smart has now received offers in respect of more than 50% of the aggregate value of the Piltel debt. This level is, however, still below the thresholds (both in aggregate and in respect of certain individual facilities) set by Smart.
Smart reiterates that it would not alter the economic terms upon which it would acquire the Piltel debt.
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This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and uncertainties that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.
About PLDT
PLDT is the leading telecommunications provider in the Philippines. Through its three principal business groups – fixed line, wireless and information and communications technology – PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line, cellular and satellite network.
PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American depositary shares are listed on the New York Stock Exchange (NYSE:PHI) and the Pacific Exchange. PLDT has one of the largest market capitalizations among Philippine listed companies.
Further information can be obtained by visiting the web at www.pldt.com.ph.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant had duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
By: FLORENTINO D. MABASA, JR.
Assistant Corporate Secretary
Date: May 3, 2004