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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000078150-06-000007.txt : 20060221
<SEC-HEADER>0000078150-06-000007.hdr.sgml : 20060220
<ACCEPTANCE-DATETIME>20060221062003
ACCESSION NUMBER:		0000078150-06-000007
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060221
FILED AS OF DATE:		20060221
DATE AS OF CHANGE:		20060221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHILIPPINE LONG DISTANCE TELEPHONE CO
		CENTRAL INDEX KEY:			0000078150
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03006
		FILM NUMBER:		06630939

	BUSINESS ADDRESS:	
		STREET 1:		RAMON CONJUANGCO BLDG
		STREET 2:		MAKATI AVE
		CITY:			MAKATI METRO MANILA
		STATE:			R6
		ZIP:			0721
		BUSINESS PHONE:		0116328143552

	MAIL ADDRESS:	
		STREET 1:		RAMON CONJUANGCO BLDG
		STREET 2:		MAKATI AVE
		CITY:			MAKATI METRO MANILA
		STATE:			R6
		ZIP:			0721
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>epldt_ussec.htm
<DESCRIPTION>DISCLOSURE LETTER
<TEXT>
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</head>

<body style='font-family:arial,helvetica,sans-serif;font-size:9pt'  lang=EN-US link=blue vlink=purple>

<div>

<p style='margin-bottom:0in;margin-bottom:.0001pt;line-height:normal' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">SECURITIES AND EXCHANGE COMMISSION</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Washington, D.C.  20549</p>

<p style='margin-top:0in' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-bottom:0in;margin-bottom:.0001pt;line-height:normal' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">FORM 6 -K</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Report of Foreign Private Issuer</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Pursuant to Rule 13a-16 or 15d-16 </p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Of the Securities Exchange Act of
1934</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">For the month of February
2006</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Commission File Number 1-03006</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Philippine Long Distance Telephone
Company</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">(Exact Name of Registrant as
specified in its Charter)</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Ramon Cojuangco Building</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Makati Avenue</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Makati City</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Philippines</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">(Address of principal executive
offices)</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">(Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form
40-F.)</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='margin-left:144.9pt;border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify' style="margin-top:0;margin-bottom:0">Form 20-F:  y</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify' style="margin-top:0;margin-bottom:0">Form 40-F:  o</p>
 </td>
 </tr>
</table></center></div>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">(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 1934.)</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='margin-left:144.9pt;border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify' style="margin-top:0;margin-bottom:0">Yes: o</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style='text-align:justify' style="margin-top:0;margin-bottom:0">No:  y</p>
 </td>
 </tr>
</table></center></div>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">(If &#147;Yes&#148; is marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-_____)</p>

<br clear=all
style='page-break-before:always'>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='margin-left:3.5in;text-align:left' style="margin-top:0;margin-bottom:0">February 20, 2006</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">U.S. Securities and Exchange Commission</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">(EDGAR FILING)</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">Gentlemen:</p>

<p style='text-align:justify;text-indent:42.0pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-indent:.5in' style="margin-top:0;margin-bottom:0">Enclosed is a copy of the
disclosure letter we filed today with the Philippine Stock Exchange and the
Securities and Exchange Commission in connection with the news article entitled
&#147;ePLDT buys gaming firm&#148;, published in today&#146;s issue of the Manila Bulletin.</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">            Thank you.</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style="margin-top:0;margin-bottom:0">Very
 truly yours,</p>
 <p style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style="margin-top:0;margin-bottom:0">PHILIPPINE LONG DISTANCE
 TELEPHONE COMPANY</p>
 <p style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p style="margin-top:0;margin-bottom:0">MA. LOURDES C.
 RAUSA-CHAN</p>
 <p style="margin-top:0;margin-bottom:0">Corporate
 Secretary</p>
 </td>
 </tr>
</table></center></div>

<b><br clear=all
style='page-break-before:always'>
</b>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  cellpadding=0 cellspacing=0>
 <tr>
 <td  height=62 style='vertical-align:top'>



 <div style='padding:3.6pt 7.2pt 3.6pt 7.2pt'>
 <p style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>
 </div>
 <p style="margin-top:0;margin-bottom:0">

 &nbsp;</td>
 </tr>
</table></center></div>

&nbsp;</p>

<br clear=ALL>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">February 20, 2006 </p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0" style="margin-top:0;margin-bottom:0">The Philippine Stock Exchange</h6>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Disclosure Department</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">4<sup>th</sup> Floor PSE Centre</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Exchange Road, Ortigas Center</p>

<p style="margin-top:0;margin-bottom:0">Pasig City</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Attention:         Ms. Jurisita M. Quintos </p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">                        <u>Senior Vice President </u></p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">Ladies and Gentlemen:</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">We refer to your letter of
even date requesting for confirmation of the information contained in the news
article entitled &#148;ePLDT buys gaming firm&#148; published in today&#146;s issue of the
Manila Bulletin, as quoted below:</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0"><i>&#147;ePLDT, Inc., the Information and
Communications Technology arm of the Philippine Long Distance Telephone Company
(PLDT) is acquiring 60 percent ownership of Level Up! Inc. (Level Up!) from
level Up! International Holdings Pte. Ltd. (LUIH).</i></p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0"><i>&nbsp;</i></p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0"><i>Both netGames and Level Up! will
continue to operate independently through 2006, while preparations for the
merger are being undertaken.</i></p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0"><i>&nbsp;</i></p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0"><i>When the merger is completed by the
1<sup>st</sup> Quarter of 2007, ePLDT will be the dominant online gaming
company in the </i><i>Philippines</i><i>, with over 90 percent market share
in the young but high-profit growth online gaming market. x x x&#148;</i></p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0"><i>&nbsp;</i></p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Please refer to the attached press release of <i>e</i>PLDT,
Inc. pertaining to the above subject matter.</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">Respectfully
yours,</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">MA. LOURDES C. RAUSA-CHAN</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Corporate Secretary</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">MLCRC:amq</p>

<br clear=all
style='page-break-before:always'>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">February 20, 2006</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">SECURITIES &amp; EXCHANGE COMMISSION</p>

<p style="margin-top:0;margin-bottom:0">Corporation Finance Department </p>

<p style="margin-top:0;margin-bottom:0">SEC Building, EDSA</p>

<p style="margin-top:0;margin-bottom:0">Mandaluyong City</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">Attention:        Director  Justina F. Callangan</p>

<p style="margin-top:0;margin-bottom:0">                        Corporation Finance Department</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">Gentlemen:</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Re       :           Philippine Long Distance Telephone
Company</p>

<p style="margin-top:0;margin-bottom:0">                        SEC Registration No. PW-55</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">In compliance with Section 17.1(b) of the Securities
Regulation Code and SRC Rule 17.1, we submit herewith five (5) copies of our
letter dated February 20,
2006 to the Philippine Stock Exchange, Inc. regarding the news article entitled
&#148;<i>e</i>PLDT buys
gaming firm&#148; published in today&#146;s issue of the Manila Bulletin.</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Respectfully yours,</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">MA. LOURDES C. RAUSA-CHAN </p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Corporate Secretary</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">MLCRC:amq</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Encs.<br clear=all style='page-break-before:always'>
</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">                                            SECURITIES
AND EXCHANGE COMMISSION</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">SEC FORM 17-C</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">CURRENT REPORT
UNDER SECTION 17</p>

<p style="margin-top:0;margin-bottom:0">OF THE SECURITIES REGULATION CODE</p>

<p style="margin-top:0;margin-bottom:0">AND SRC RULE 17.1</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify;text-indent:-.5in' style="margin-top:0;margin-bottom:0">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
February 20, 2006</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">(Date of
earliest event reported)</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify;text-indent:-.5in' style="margin-top:0;margin-bottom:0">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
SEC Identification Number  PW-55</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify;text-indent:-.5in' style="margin-top:0;margin-bottom:0">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
BIR Tax Identification No. 000-488-793</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-indent:-.5in' style="margin-top:0;margin-bottom:0">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
PHILIPPINE LONG DISTANCE TELEPHONE
COMPANY                                            </p>

<p style="margin-top:0;margin-bottom:0">            Exact name of issuer as specified in its
charter</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-indent:-.5in' style="margin-top:0;margin-bottom:0">5.         PHILIPPINES
6. _____________ (SEC Use Only)  </p>

<p style='margin-left:.5in;text-indent:-.5in' style="margin-top:0;margin-bottom:0">
Province, country or other jurisdiction                Industry Classification
Code</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">            of Incorporation</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">7.         Ramon Cojuangco Building, Makati Avenue, Makati City
1200 </p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">            Address of principal
office                                                                     Postal
Code</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">8.         (632) 816-8553;
816-8556                                 </p>

<p style="margin-top:0;margin-bottom:0" style="margin-top:0;margin-bottom:0">            Issuer's
telephone number, including area code</h4>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">9.         Not
Applicable                                                               </p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">            Former name or former
address, if changed since last report</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-indent:-.5in' style="margin-top:0;margin-bottom:0">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Securities registered pursuant to Sections 8 and 12 of the Securities
Regulation Code or Sections 4 and 8 of the Revised Securities Act</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">            Title of Each Class
          Number of Shares of Common Stock</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">
          Licensed and Amount of Debt Outstanding</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.5in;text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:.75in;text-indent:-.75in' style="margin-top:0;margin-bottom:0">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Item 9 &#150; Other Events</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">            Attached hereto is a copy of our letter to the
Philippine Stock Exchange, Inc. (&#147;PSE&#148;) dated February 20, 2006 in connection
with the news article entitled &#148;ePLDT buys gaming firm&#148; published in today&#146;s issue of the Manila
Bulletin.</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">SIGNATURE</p>

<p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">            Pursuant to the requirements of the Securities
Regulation Code, the Issuer has duly caused this report to be signed on its
behalf by the undersigned hereto duly authorized.</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<div align='center'><center><table style='font-family:arial,helvetica,sans-serif;font-size:9pt'  border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p style="margin-top:0;margin-bottom:0">&nbsp;</p>
 </td>
 <td  valign=top style=' padding:0in 5.4pt 0in 5.4pt'>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">PHILIPPINE LONG
 DISTANCE</p>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">TELEPHONE COMPANY</p>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">&nbsp;</p>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">MA. LOURDES C.
 RAUSA-CHAN</p>
 <p align=center style='text-align:center' style="margin-top:0;margin-bottom:0">Corporate
 Secretary</p>
 </td>
 </tr>
</table></center></div>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Date: February 20, 2006</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">Distribution Copies:  5 copies &#150; Securities &amp; Exchange
Commission</p>

<p style='text-align:justify;text-indent:.5in' style="margin-top:0;margin-bottom:0">                        1 copy    -
Philippine Stock Exchange</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">                                    1 copy    - Company
Secretary</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<br clear=all
style='page-break-before:always'>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-bottom:10.0pt' style="margin-top:0;margin-bottom:0"><b>ePLDT</b></p>

<p style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>

<p style="margin-top:0;margin-bottom:0"><b>FOR IMMEDIATE RELEASE </b></p>

<p style="margin-top:0;margin-bottom:0">CONTACT: </p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:221.4pt;text-indent:-221.35pt' style="margin-top:0;margin-bottom:0"><b>ePLDT, Inc.                                                    Level
Up! Inc. </b></p>

<p style='margin-top:0in;margin-right:85.7pt;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt' style="margin-top:0;margin-bottom:0">Ray C. Espinosa                                            Ben
Colayco</p>

<p style='margin-top:0in;margin-right:85.7pt;margin-bottom:0in;
margin-left:0in;margin-bottom:.0001pt' style="margin-top:0;margin-bottom:0">rcespinosa@pldt.com                                    ben@levelupgames.ph</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center' style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>

<p align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center' style="margin-top:0;margin-bottom:0"><b>ePLDT ACQUIRES MAJORITY OF LEVEL UP!;</b></p>

<p align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center' style="margin-top:0;margin-bottom:0"><b>NETGAMES AND LEVEL UP! TO MERGE</b></p>

<p align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center' style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>

<p align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center' style="margin-top:0;margin-bottom:0"><b> </b></p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0"><b><u>Synopsis </u></b></p>

<p style='margin-left:22.5pt;text-indent:-22.5pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ePLDT, Inc. (&#147;ePLDT&#148;), the Information and Communications
Technology arm of the Philippine Long Distance Telephone Company, announced
today that it is acquiring 60% ownership of Level Up! Inc..(&#147;Level Up!&#148;). </p>

<p style='margin-left:49.5pt;text-indent:-27.0pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Level Up! is the pioneer and leading publisher of online games in
the country, with about 80% share of the online game market, through its
portfolio of games which currently includes Ragnarok, ROSE Online, RF Online,
Hyper Relay and Free Style. </p>

<p style='margin-left:49.5pt;text-indent:-27.0pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Level Up! International Holdings Pte. Ltd., the parent company of
Level Up!, will retain responsibility for day to day operations and technical
management of Level Up!. </p>

<p style='margin-left:49.5pt;text-indent:-27.0pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The acquisition of Level Up!, together with ePLDT&#146;s own online
gaming company, netGames &#150; which publishes Khan, Pang-ya and Flyff - will
solidify the position of ePLDT as the leading online gaming company in the
Philippines. </p>

<p style='margin-left:49.5pt;text-indent:-27.0pt;line-height:
13.8pt' style="margin-top:0;margin-bottom:0">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
netGames and Level Up! will merge
by the 1<sup>st</sup> Quarter of 2007. The merged entity, to be called
&#147;Level Up!-netGames&#148;, will become the premier online gaming company in the Philippines. </p>

<br clear=all
style='page-break-before:always'>

<p style='margin-bottom:10.0pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0"><b><u>Full text </u></b></p>

<p style='margin-right:6.0pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">February 16, 2006, Makati
City, Manila, Philippines:  ePLDT, Inc. (&#147;ePLDT&#148;), the Information and
Communications Technology arm of the Philippine Long Distance Telephone Company
(&#147;PLDT&#148;), announced today that it is acquiring 60% ownership of Level Up! Inc.
(&#148;Level Up!&#148;) from Level Up! International Holdings Pte. Ltd. (&#147;LUIH&#148;). </p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0">The announcement states that both
netGames and Level Up! will continue to operate independently through 2006,
while preparations for the merger are being undertaken. When the merger is
completed by the 1<sup>st</sup> Quarter of
2007, ePLDT will be the dominant online gaming company in the Philippines, with
over 90% market share in the young but high-growth online gaming market. </p>

<p style='margin-right:6.0pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">LUIH will continue
to be responsible for day to day operations of Level Up!, and will provide
international assistance and industry expertise to ePLDT.  LUIH is the holding
company which established Level Up!, and through its subsidiary companies, is
also the pioneer and leading online game publishers in Brazil and India. </p>

<p style='margin-right:6.0pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">Level Up! is the pioneer
in the local online gaming industry, publishing the first local online game, OZ
World, in 2002.  In 2003, Level Up! introduced Ragnarok, an internationally
popular massively multi-player online role-playing game (MMORPG) by Korean
developer Gravity Co., Ltd. (&#147;Gravity&#148;).  To-date, Ragnarok continues to be the
top online game in the country, with still over 50% market share. </p>

<p style='margin-right:6.0pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">On the heels of
Ragnarok&#146;s success, Level Up! last year launched two more MMORPG&#146;s &#150; ROSE
Online, a full 3D role-playing game from Gravity; and RF Online, a 3-way race
vs. race game in a sci-fi/fantasy setting, by another Korean developer, CCR,
Inc.  It also recently introduced two casual games &#150; Hyper Relay, a
free-to-play arcade-style gaming suite licensed from Singaporean publisher
Teckwah Online Pte. Ltd.,, and the now hugely popular Free Style Online, a
hip-hop-influenced street basketball game from JC Entertainment Co., Ltd.,
another Korean developer. All together, these games account for Level Up!&#146;s
dominant 80% share of the online gaming market. </p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0">&#147;Both content and alternative channels
of connectivity and distribution, as well as media, are growing and helping to
expand the market. As a member of the PLDT group, Level Up! will be able to
take advantage of the many synergies with PLDT&#146;s leadership in this sector&#148;,
LUIH said. </p>

<br clear=all
style='page-break-before:always'>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0">ePLDT&#146;s  netGames is a relatively
younger contender in the online gaming business, but its strong and
well-differentiated portfolio of games and the backing of the PLDT group mean
that it is likewise a force to be reckoned with. Its first entry to online
gaming was Khan Online by Mirinae Entertainment of Korea, the Philippines&#146;
first full-3D online game. Introduced in late 2004, Khan Online quickly gained
popularity amongst the mature gamer generation, and still maintains a strong
following to date. This was followed by the launch of Fly For Fun Online
(Flyff), developed by Korea&#146;s AeonSoft, in late 2005. Flyff is the world&#146;s
first flying MMORPG and the first in the Philippines to adapt the free-to-play
business model. Seeing the huge potential in the casual gaming segment, it
recently launched PangYa, Asia&#146;s hottest online fantasy casual game by
Hanbitsoft Korea. Given PangYa&#146;s current dominance in Asia and increasing
market share, it touted as the next big thing to hit the Philippine online
gaming industry. This range of games gives ePLDT about a 10% share of the
online gaming market. </p>

<p style='margin-right:3.25pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">The merger is
viewed by both companies as the right step forward in pushing the growing
Philippine online gaming market towards the tipping point of mainstream
culture. </p>

<p style='margin-right:9.15pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">&#147;The acquisition of
Level Up! is consistent with the PLDT Group&#146;s strategy to bring rich and
compelling content to its internet subscribers and users and eventually its
mobile subscribers as well. The acquisition will also enhance the position of
ePLDT as one of the leading content aggregators in the country. As ePLDT brings
richer and more compelling content to the market, it is anticipated that demand
for wired and wireless broadband services will further increase.&#148;, Ray C.
Espinosa, President &amp; CEO of ePLDT, said. </p>

<p style='margin-right:9.15pt;line-height:13.8pt' style="margin-top:0;margin-bottom:0">Both companies are
optimistic that with the right content and operational efficiencies from
collaborative efforts, and the unparalleled seamlessness of the PLDT group&#146;s
convergent technologies, the merger will produce a robust and dynamic online
gaming industry that benefits the player community as well as associated
industries like internet caf&#233;s, distribution systems, hardware and software
suppliers, and all telcos and ISP&#146;s. </p>

<p align=center style='text-align:center;line-height:13.8pt' style="margin-top:0;margin-bottom:0">*********
</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0"><b><u>About ePLDT: </u></b></p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0">ePLDT, Inc., a wholly-owned subsidiary
of telecommunications giant <u>Philippine Long Distance Telephone Co. (PLDT)</u>
is an information and communications technology company providing enabling
infrastructure and services focusing on next-generation communications,
connectivity and content to corporate clients and consumers. </p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0"><b><u>About Level Up! Inc.: </u></b></p>

<p style='line-height:13.8pt' style="margin-top:0;margin-bottom:0">Level
Up! Inc. is a privately held Philippine subsidiary of Level Up! International
Holdings Private Limited, which is a Singapore company. </p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<b><br clear=all
style='page-break-before:always'>
</b>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">SIGNATURES</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='text-align:justify;text-indent:.5in' style="margin-top:0;margin-bottom:0">Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=right style='text-align:right' style="margin-top:0;margin-bottom:0">PHILIPPINE LONG DISTANCE TELEPHONE COMPANY</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-left:2.25in;text-align:justify' style="margin-top:0;margin-bottom:0">By        :     </p>

<p style='margin-left:2.25in;text-align:justify' style="margin-top:0;margin-bottom:0">Name  :     Ma. Lourdes C. Rausa-Chan</p>

<p style='margin-left:2.25in;text-align:justify' style="margin-top:0;margin-bottom:0">Title     :     Senior Vice
President, Corporate Affairs and</p>

<p style='margin-left:2.25in;text-align:justify' style="margin-top:0;margin-bottom:0">                  Legal Services
Head and Corporate Secretary</p>

<p style='text-align:justify;text-indent:3.75in' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0">Date:  February 20, 2006</p>

<p align=left style='text-align:left' style="margin-top:0;margin-bottom:0"> </p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style="margin-top:0;margin-bottom:0">&nbsp;</p>

<p style='margin-bottom:0in;margin-bottom:.0001pt' style="margin-top:0;margin-bottom:0"><b>&nbsp;</b></p>

<p style='text-align:justify' style="margin-top:0;margin-bottom:0">&nbsp;</p>

</div>

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