<SEC-DOCUMENT>0001309014-11-000375.txt : 20110627
<SEC-HEADER>0001309014-11-000375.hdr.sgml : 20110627
<ACCEPTANCE-DATETIME>20110627060136
ACCESSION NUMBER:		0001309014-11-000375
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110627
FILED AS OF DATE:		20110627
DATE AS OF CHANGE:		20110627

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:		11931795

	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>htm_5914.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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Philippine Long Distance Telephone Company&nbsp;-&nbsp;Form&nbsp;6-K
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
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<FONT size="+1"><B>
UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</P>

<P>
<CENTER>
<FONT SIZE="+2" FACE="Arial"><B>FORM 6-K</B></FONT><BR>

</CENTER>
</P>

<P>
<CENTER>
<FONT size="+1">
REPORT OF FOREIGN PRIVATE ISSUER<BR>PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934
</FONT>
</CENTER>
</P>
<P>
<CENTER>
June 27, 2011
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<P>
<CENTER>

</CENTER>
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<!-- Cover Page Registrant -->
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    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="+2"><B>Philippine Long Distance Telephone Company</B></FONT><BR>
	<FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="-1">(Translation of registrant&#146;s name into English)</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
      <FONT FACE="Courier" SIZE="+0">Ramon Cojuangco Building<br>Makati Avenue, Makati City<br>Philippines</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
        <FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT><BR>
	    <FONT SIZE="-1">(Address of principal executive office)</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>
</TABLE>
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%" COLSPAN="5">
	Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Form 40-F
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        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):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        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:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;No
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>

<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;&nbsp;&nbsp;<FONT FACE="Courier"><U>&nbsp;n/a&nbsp;</U></FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>
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<FONT SIZE="3">
<PRE>
Copies of the disclosure letters that we filed today with the Securities and
Exchange Commission and the Philippine Stock Exchange regarding the press
release issued by Fitch Ratings (Fitch) entitled &#8220;Fitch Upgrades PLDT on
Sovereign Upgrade; Maintains LC RWP&#8221;.
</PRE>
</FONT>
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<FONT SIZE="+1">
<CENTER>
<B>SIGNATURES</B>
</CENTER>
</FONT>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       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.
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
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<!-- Signatures Page Details -->
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Philippine Long Distance Telephone Company
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="40%">
       Date: 06/27/2011
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="4%%">
       By:
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="56%">
       Ma. Lourdes C. Rausa-Chan<BR><HR WIDTH="30%" NOSHADE>
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Name:&nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Ma. Lourdes C. Rausa-Chan
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Title:
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       SVP & Corporate Secretary
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
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<CENTER>
<FONT SIZE="+1"><B>
EXHIBIT&nbsp;INDEX
</B></FONT>
</CENTER>
<BR>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
  <TR VALIGN="BOTTOM">
    <TD NOWRAP ALIGN="LEFT" WIDTH="8%">
      <FONT SIZE="-1"><B>Exhibit No.</B></FONT>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="LEFT" WIDTH="77%">
      <FONT SIZE="-1"><B>Description</B></FONT>
    </TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD NOWRAP ALIGN="CENTER" WIDTH="8%">
      <HR SIZE="1" NOSHADE>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="CENTER" WIDTH="77%">
      <HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
    </TD>
  </TR>
<!-- Exhibit Index Header Page -->
<!-- Exhibit Index Item -->
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    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">Copies of the disclosure letters that we filed today with the Securities and Exchange Commission and the Philippine Stock Exchange regarding the press release issued by Fitch Ratings (Fitch) entitled &#8220;Fitch Upgrades PLDT on Sovereign Upgrade; Maintains LC RWP&#8221;.</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- ExhibitIndexFooter -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      &nbsp;
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      &nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End ExhibitIndexFooter -->
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End HR Page Break --><!-- HTML Footer Page -->
</BODY>
</HTML>
<!-- End HTML Footer Page -->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99
<TEXT>
<!-- ExhibitContentHeader Page -->
<HTML>
<HEAD>
<TITLE>
Exhibit&nbsp;&nbsp;EX-99
</TITLE>
</HEAD>
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>NOTE REGARDING FORWARD-LOOKING STATEMENTS</B></FONT>



<P align="left" style="font-size: 12pt; text-indent: 4%">Some information in this report may contain forward-looking statements within the meaning of
Section&nbsp;27A of the U.S. Securities Act of 1933 and Section&nbsp;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 &#147;believe,&#148; &#147;plan,&#148; &#147;anticipate,&#148;
&#147;continue,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;may,&#148; &#147;will&#148; or other similar words.


<P align="left" style="font-size: 12pt; text-indent: 4%">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 &#147;Item&nbsp;3. Key Information &#150;
Risk Factors&#148; in our annual report on Form 20-F for the fiscal year ended December&nbsp;31, 2010. 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.


<P align="center" style="font-size: 10pt; display: none; text-indent: 4%">1
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<P align="center" style="font-size: 12pt"><B>EXHIBITS</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Page</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Copies of the disclosure letters that we filed today<BR>
with the Securities and Exchange Commission and the<BR>
Philippine Stock Exchange regarding the press release<BR>
issued by Fitch Ratings (Fitch) entitled &#147;Fitch<BR>
Upgrades PLDT on Sovereign Upgrade; Maintains LC RWP&#148;.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">6<BR>
<BR>
<BR>
<BR>
<BR></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt; display: none">3
<!-- PAGEBREAK -->


<P align="left" style="font-size: 12pt">Exhibit&nbsp;1

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">June&nbsp;27, 2011</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">The Philippine Stock Exchange
<BR>
4<sup>th</sup> Floor PSE Centre
<BR>
Exchange Road, Ortigas Center
<BR>
Pasig City

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="72%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Attention:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ms. Janet A. Encarnacion<BR>
Head, Disclosure Department</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">Ladies and Gentlemen:


<P align="left" style="font-size: 12pt">We submit herewith a copy of SEC Form 17-C with a press release issued by Fitch Ratings (Fitch)
entitled &#147;Fitch Upgrades PLDT on Sovereign Upgrade; Maintains LC RWP&#148;.


<P align="left" style="font-size: 12pt">Respectfully yours,


<P align="left" style="font-size: 12pt"><U>/s/ Florentino D. Mabasa, Jr.</U><BR>
FLORENTINO D. MABASA, JR.<BR>
Assistant Corporate Secretary<BR>


<P align="center" style="font-size: 12pt"><FONT style="font-size: 10pt">Page 1 of 6</FONT>










<P align="center" style="font-size: 10pt; display: none">4
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt">Exhibit&nbsp;1
</FONT>

<P align="left" style="font-size: 12pt">June&nbsp;27, 2011


<P align="left" style="font-size: 12pt">SECURITIES & EXCHANGE COMMISSION
<BR>
Money Market Operations Department
<BR>
SEC Building, EDSA
<BR>
Mandaluyong City

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left">Attention</TD>
    <TD>&nbsp;</TD>
    <TD align="right">:Director Justina F. Callangan</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Corporations Finance Department</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left">Gentlemen:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Re
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Philippine Long Distance Telephone Company<BR>
SEC Registration No.&nbsp;PW-55</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">We submit herewith three (3)&nbsp;copies of SEC Form 17-C with a press release issued by Fitch Ratings
(Fitch) entitled &#147;Fitch Upgrades PLDT on Sovereign Upgrade; Maintains LC RWP&#148;.


<P align="left" style="font-size: 12pt">Respectfully yours,


<P align="left" style="font-size: 12pt"><U>/s/ Florentino D. Mabasa, Jr.</U><BR>
FLORENTINO D. MABASA, JR.<BR>
Assistant Corporate Secretary<BR>


<P align="center" style="font-size: 12pt"><FONT style="font-size: 10pt">Page 2 of 6</FONT>




<P align="center" style="font-size: 10pt; display: none">5
<!-- PAGEBREAK -->




<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt">Exhibit&nbsp;1
</FONT>

<P align="center" style="font-size: 11pt">SECURITIES AND EXCHANGE COMMISSION



<P align="center" style="font-size: 11pt">SEC FORM 17-C



<P align="center" style="font-size: 11pt">CURRENT REPORT UNDER SECTION 17<BR>
OF THE SECURITIES REGULATION CODE<BR>
AND SRC RULE 17.1



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>June&nbsp;27, 2011</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 11pt">(Date of earliest event reported)


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>SEC Identification Number PW-55</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BIR Tax Identification No.&nbsp;000-488-793</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 11pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>PHILIPPINE LONG DISTANCE TELEPHONE COMPANY</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 11pt; text-indent: 4%">Exact name of registrant as specified in its charter

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="57%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD colspan="3" valign="top" align="left">5.PHILIPPINES 6. <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> (SEC Use Only)<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Province, country or other jurisdiction
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industry Classification Code</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 11pt; text-indent: 4%">of Incorporation


<P align="left" style="font-size: 11pt">7.&nbsp;9<sup>th</sup> Floor MGO Building

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="73%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Legaspi corner dela Rosa Streets, Makati City<BR>
Address of principal office
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1200</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
Postal Code</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 11pt">8.&nbsp;(632)&nbsp;816-8553


<P align="left" style="font-size: 11pt; text-indent: 4%">Registrant&#146;s telephone number, including area code


<P align="left" style="font-size: 11pt">9.&nbsp;Not Applicable


<P align="left" style="font-size: 11pt; text-indent: 4%">Former name or former address, if changed since last report


<P align="left" style="font-size: 11pt">10.&nbsp;Securities registered pursuant to Sections&nbsp;8 and 12 of the SRC

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="27%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">Title of Each Class
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Number of Shares of Common Stock<BR>
Licensed and Amount of Debt Outstanding</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 11pt"><FONT style="font-size: 10pt">Page 3 of 6</FONT>




<P align="center" style="font-size: 10pt; display: none">6
<!-- PAGEBREAK -->




<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt">Exhibit&nbsp;1
</FONT>

<P align="left" style="font-size: 12pt">11.&nbsp;Item&nbsp;9 &#150; Other Events


<P align="left" style="font-size: 12pt">Attached hereto is a press release issued by Fitch Ratings (Fitch) entitled &#147;Fitch Upgrades PLDT on
Sovereign Upgrade; Maintains LC RWP&#148;.


<P align="center" style="font-size: 12pt">SIGNATURE



<P align="left" style="font-size: 12pt; text-indent: 4%">Pursuant to the requirements of the Securities Regulation&nbsp;Code, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereto duly authorized.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">PHILIPPINE LONG DISTANCE<BR>
TELEPHONE COMPANY<BR>
/s/ Florentino D. Mabasa, Jr.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">FLORENTINO D. MABASA, JR.<BR>
Assistant Corporate Secretary</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">Date: June&nbsp;27, 2011


<P align="center" style="font-size: 12pt"><FONT style="font-size: 10pt">Page 4 of 6</FONT>





<P align="center" style="font-size: 10pt; display: none">7
<!-- PAGEBREAK -->




<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt">Exhibit&nbsp;1
</FONT>

<P align="left" style="font-size: 11pt"><FONT style="font-size: 16pt"><B>FitchRatings</B>
</FONT>

<P align="center" style="font-size: 16pt"><FONT style="font-size: 10pt"><B>FITCH UPGRADES PLDT ON SOVEREIGN UPGRADE;<BR>
MAINTAINS LC RWP</B></FONT>



<P align="left" style="font-size: 10pt"><FONT style="font-size: 9.5pt">Fitch Ratings-New Delhi/Seoul/Singapore-24 June&nbsp;2011: Fitch Ratings has upgraded Philippine
Long Distance Telephone&#146;s (PLDT)&nbsp;Long-Term Foreign Currency (LTFC)&nbsp;Issuer Default Rating (IDR)&nbsp;to
&#145;BBB-&#146; from &#145;BB&#043;&#146; and its Long-Term Local Currency (LTLC)&nbsp;IDR to &#145;BBB&#043;&#146; from &#145;BBB&#146;. A full rating
breakdown is provided below.
</FONT>

<P align="left" style="font-size: 9.5pt">The Outlook on PLDT&#146;s LTFC IDR is Stable, while the LTLC IDR remains on Rating Watch Positive
(RWP). The action follow Fitch&#146;s upgrade of the Philippines&#146; sovereign ratings to LTFC IDR &#145;BB&#043;&#146;
from &#145;BB&#146; with a newly assigned Stable Outlook, and its LTLC IDR and Country Ceiling to &#145;BBB-&#146; from
&#145;BB&#043;&#146;. For more information, please refer to &#145;Fitch Upgrades Philippines to &#145;BB&#043;&#146;; Outlook Stable&#146;
dated 23 June&nbsp;2011&#146;.


<P align="left" style="font-size: 9.5pt">PLDT&#146;s LTFC IDR continues to be constrained by the Philippines&#146; Country Ceiling of &#145;BBB-&#146;,
reflecting the country&#146;s foreign currency transfer and convertibility risk. Any future movement in
the Country Ceiling will lead to a corresponding change in PLDT&#146;s LTFC IDR.


<P align="left" style="font-size: 9.5pt">PLDT&#146;s LTLC IDR is currently two notches above the sovereign LTLC IDR. The RWP reflects the
potential benefits of PLDT&#146;s proposed acquisition of a controlling interest in the Philippines&#146;
third-largest telco -Digital Telecommunications Philippines, Inc. (Digitel) -through an all-equity
deal. The acquisition, if successful, would make the combined entity the country&#146;s undisputed
market leader by a significant margin, with around 70% of wireless subscribers and 66% of wireless
revenues (compared with 53% and 56% currently) while maintaining PLDT&#146;s existing financial profile.
For more information, please refer to &#145;Fitch Places Philippine Long Distance Telephone on Rating
Watch Positive on Acquisition dated 1 April&nbsp;2011&#146;.


<P align="left" style="font-size: 9.5pt">The acquisition was approved by PLDT&#146;s shareholders in June&nbsp;2011, and is now subject to
regulatory/anti-competitive authority&#146;s approval, expected by end-July. The resolution of the RWP
will be predicated on the final funding mix for the payout to minority shareholders, terms and
conditions of the payout debt (for minority shareholder payment), receipt of all necessary
approvals and Fitch&#146;s view on the financial strength of the combined entity and its future business
plans. If the acquisition meets with all necessary approvals, then PLDT&#146;s LTLC IDR is likely to be
upgraded by one notch. In the event that the acquisition is unsuccessful, PLDT&#146;s LTLC IDR is likely
to be affirmed and assigned a Stable Outlook. In addition, any future movement in the Philippines&#146;
LTLC IDR will lead to a corresponding change in PLDT&#146;s LTLC IDR.


<P align="left" style="font-size: 9.5pt">PLDT&#146;s ratings
<BR>
-LTFC IDR upgraded to &#145;BBB-&#146; from &#145;BB&#043;&#146;; Outlook Stable
<BR>
-LTLC IDR upgraded to &#145;BBB&#043;&#146; from &#145;BBB&#146;; on RWP
<BR>
-National Long-term ratings affirmed at &#145;AAA(phl)&#146;; Outlook Stable
<BR>
-Senior unsecured rating upgraded to &#145;BBB-&#146; from &#145;BB&#043;&#146;


<P align="left" style="font-size: 9.5pt">Contact:
<BR>
Primary Analyst
<BR>
Nitin Soni
<BR>
Analyst
<BR>
&#043;91 11 4356 7239
<BR>
Fitch Ratings India Private Limited
<BR>
414-421, Fourth floor, World Trade Centre
<BR>
Barakhamba lane, Connaught Place
<BR>
New Delhi -110 001


<P align="center" style="font-size: 9.5pt"><FONT style="font-size: 10pt">Page 5 of 6</FONT>




<P align="center" style="font-size: 10pt; display: none">8
<!-- PAGEBREAK -->




<P align="left" style="font-size: 10pt"><FONT style="font-size: 9.5pt">Exhibit&nbsp;1
</FONT>

<P align="left" style="font-size: 9.5pt">Secondary Analyst
<BR>
Matt Jamieson
<BR>
Senior Director
<BR>
&#043;82 2 3278 8355


<P align="left" style="font-size: 9.5pt">Committee Chairperson
<BR>
Steve Durose
<BR>
Senior Director
<BR>
&#043;61 2 8256 0307


<P align="left" style="font-size: 9.5pt">Media Relations: Shivani Sundralingam, Singapore, Tel: &#043; 65 6796 7215, Email:
shivani.sundralingam@fitchratings.com; Leslie Tan, Singapore, Tel: &#043;65 67 96 7234, Email:
leslie.tan@fitchratings.com.


<P align="left" style="font-size: 9.5pt">Note to editors: Fitch&#146;s National ratings provide a relative measure of creditworthiness for rated
entities in countries with relatively low international sovereign ratings and where there is demand
for such ratings. The best risk within a country is rated &#145;AAA&#146; and other credits are rated only
relative to this risk. National ratings are designed for use mainly by local investors in local
markets and are signified by the addition of an identifier for the country concerned, such as
&#145;AAA(phl)&#146; for National ratings in Philippines. Specific letter grades are not therefore
internationally comparable.


<P align="left" style="font-size: 9.5pt">Additional information is available at www.fitchratings.com.


<P align="left" style="font-size: 9.5pt">Applicable criteria, &#145;Corporate Rating Methodology&#146;, dated 16 August&nbsp;2010, &#145;Cash Flow Measures in
Corporate Analysis&#146;, dated 12 October&nbsp;2005, and &#145;Rating Global Telecoms Companies-Sector Credit
Factors&#146;, dated 22 September&nbsp;2010, are available at www.fitchratings.com.


<P align="left" style="font-size: 9.5pt">Applicable Criteria and Related Research:
<BR>
Corporate Rating Methodology
<BR>
http://www.fitchratings.com/creditdesk/reports/report&#151;frame.cfm?rpt&#151;id=546646
<BR>
Cash Flow Measures in Corporate Analysis
<BR>
http://www.fitchratings.com/creditdesk/reports/report&#151;frame.cfm?rpt&#151;id=243758
<BR>
Rating Global Telecoms Companies -Sector Credit Factors
<BR>
http://www.fitchratings.com/creditdesk/reports/report&#151;frame.cfm?rpt&#151;id=550205


<P align="left" style="font-size: 9.5pt">ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE
LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS
OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY&#146;S PUBLIC WEBSITE &#145;WWW.FITCHRATINGS.COM&#146;.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH&#146;S
CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER
RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE &#145;CODE OF CONDUCT&#146; SECTION OF THIS
SITE.

<DIV align="center">
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<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 10pt">Page 6 of 6</FONT></DIV></TD>
</TR>
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</DIV>


<P align="center" style="font-size: 10pt; display: none">9
<!-- PAGEBREAK -->


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>SIGNATURES</B></FONT>



<P align="left" style="font-size: 12pt; text-indent: 4%">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.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">PHILIPPINE LONG DISTANCE<BR>
TELEPHONE COMPANY</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By : /s/ Florentino D. Mabasa, Jr.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name : FLORENTINO D. MABASA, JR.<BR>
Title : First Vice President, Legal Services<BR>
Head and Assistant Corporate Secretary</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">Date: June&nbsp;27, 2011



<P align="center" style="font-size: 10pt; display: none">10




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