EX-99.8 5 d318504dex998.htm SUBSIDIARIES

EXHIBIT 8

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY

Subsidiaries as at December 31, 2011

|  | Place of |  |  |  | Percentage of Ownership |
Name of Subsidiary |  | Incorporation |  | Principal Business Activity |  | Direct |  |  | Indirect |
Wireless |  |  |  |  |  |  |  |  |  |  |  |
Smart: |  | Philippines |  | Cellular mobile services |  |  | 100.0 |  |  |  | — |
Smart Broadband, Inc., or SBI, and Subsidiaries, or SBI Group |  | Philippines |  | Internet broadband distribution services |  |  | — |  |  |  | 100.0 |
Primeworld Digital Systems, Inc., or PDSI |  | Philippines |  | Internet broadband distribution services |  |  | — |  |  |  | 100.0 |
I-Contacts Corporation, or I-Contacts |  | Philippines |  | Call center services |  |  | — |  |  |  | 100.0 |
Wolfpac Mobile, Inc., or Wolfpac |  | Philippines |  | Mobile applications development and services |  |  | — |  |  |  | 100.0 |
Wireless Card, Inc., or WCI |  | Philippines |  | Promotion of the sale and/or patronage of debit and/or charge cards |  |  | — |  |  |  | 100.0 |
Smarthub, Inc., or SHI |  | Philippines |  | Software development and sale of maintenance and support services |  |  | — |  |  |  | 100.0 |
Smart Money Holdings Corporation, or SMHC: |  | Cayman Islands |  | Investment company |  |  | — |  |  |  | 100.0 |
Smart Money, Inc., or SMI |  | Cayman Islands |  | Mobile commerce solutions marketing |  |  | — |  |  |  | 100.0 |
Telecoms Solutions, Inc., or TSI(a) |  | Mauritius |  | Mobile commerce platforms |  |  | — |  |  |  | — |
Far East Capital Limited, or FECL, and Subsidiary, or FECL Group |  | Cayman Islands |  | Cost effective offshore financing and risk management activities for Smart |  |  | — |  |  |  | 100.0 |
PH Communications Holdings Corporation, or PHC |  | Philippines |  | Investment company |  |  | — |  |  |  | 100.0 |
Francom Holdings, Inc., or FHI: |  | Philippines |  | Investment company |  |  | — |  |  |  | 100.0 |
Connectivity Unlimited Resource Enterprise, or CURE |  | Philippines |  | Cellular mobile services |  |  | — |  |  |  | 100.0 |
Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group |  | British Virgin Islands |  | Mobile applications development and services; Content provider |  |  | — |  |  |  | 100.0 |
Smarthub Pte. Ltd. (formerly SmartConnect Holdings Pte. Ltd.), or SHPL: |  | Singapore |  | Investment company |  |  | — |  |  |  | 100.0 |
SmartConnect Global Pte. Ltd., or SGP |  | Singapore |  | International trade of satellites and Global System for Mobile Communication, or GSM, enabled global telecommunications |  |  | — |  |  |  | 100.0 |
3rd Brand Pte. Ltd., or 3rd Brand |  | Singapore |  | Solutions and systems integration services |  |  | — |  |  |  | 85.0 |
Blue Ocean Wireless, or BOW(b) |  | Isle of Man |  | Delivery of GSM communication capability for the maritime sector |  |  | — |  |  |  | — |
Telesat, Inc., or Telesat(c) |  | Philippines |  | Satellite communications services |  |  | 100.0 |  |  |  | — |
ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines |  | Philippines |  | Satellite information and messaging services |  |  | 88.5 |  |  |  | 11.5 |
Mabuhay Satellite Corporation, or Mabuhay Satellite(c) |  | Philippines |  | Satellite communications services |  |  | 67.0 |  |  |  | — |
Digitel Mobile Philippines, Inc., or DMPI, a wholly-owned subsidiary of Digitel(g) |  | Philippines |  | Cellular mobile services |  |  | — |  |  |  | 70.2 |
Fixed Line |  |  |  |  |  |  |  |  |  |  |  |
ePLDT, Inc., or ePLDT(d): |  | Philippines |  | Information and communications infrastructure for Internet-based services, e-commerce, customer relationship management and information technology, or IT, related services |  |  | 100.0 |  |  |  | — |
ABM Global Solutions, Inc. (formerly BayanTrade, Inc.), or AGS, and Subsidiaries, or AGS Group |  | Philippines |  | Internet-based purchasing, IT consulting and professional services |  |  | — |  |  |  | 93.5 |
Digital Paradise, Inc., or Digital Paradise(e) |  | Philippines |  | Internet services |  |  | — |  |  |  | — |
ePDS, Inc., or ePDS |  | Philippines |  | Bills printing and other related value-added services, or VAS |  |  | — |  |  |  | 67.0 |
netGames, Inc., or netGames |  | Philippines |  | Customer relationship management |  |  | — |  |  |  | 57.5 |
Level Up!, Inc., or Level Up!(f) |  | Philippines |  | Publisher of online games |  |  | — |  |  |  | — |
PLDT Clark Telecom, Inc., or ClarkTel |  | Philippines |  | Telecommunications services |  |  | 100.0 |  |  |  | — |
PLDT Subic Telecom, Inc., or SubicTel |  | Philippines |  | Telecommunications services |  |  | 100.0 |  |  |  | — |
PLDT Global Corporation, or PLDT Global, and Subsidiaries, or PLDT Global Group |  | British Virgin Islands |  | Telecommunications services |  |  | 100.0 |  |  |  | — |
Smart-NTT Multimedia, Inc., or SNMI(c) |  | Philippines |  | Data and network services |  |  | 100.0 |  |  |  | — |
PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group |  | Philippines |  | Telecommunications services |  |  | 100.0 |  |  |  | — |
PLDT-Maratel, Inc., or Maratel |  | Philippines |  | Telecommunications services |  |  | 97.8 |  |  |  | — |
Bonifacio Communications Corporation, or BCC |  | Philippines |  | Telecommunications, infrastructure and related VAS |  |  | 75.0 |  |  |  | — |
Digitel(g): |  | Philippines |  | Telecommunications services |  |  | 70.2 |  |  |  | — |
Digitel Capital Philippines Ltd., or DCPL |  | British Virgin Islands |  | Telecommunications services |  |  | — |  |  |  | 70.2 |
Digitel Information Technology Services, Inc. or DITSI |  | Philippines |  | Internet services |  |  | — |  |  |  | 70.2 |
Pilipinas Global Network Limited, or PGNL |  | British Virgin Islands |  | International distributor of Filipino channels and content |  |  | 60.0 |  |  |  | — |

BPO |  |  |  |  |  |  |  |  |  |  |  |
SPi Global Holdings, Inc., or SPi Global(h): |  | Philippines |  | Investment company |  |  | 100.0 |  |  |  | — |
SPi Technologies, Inc., or SPi, and Subsidiaries, or SPi Group(d) |  | Philippines |  | Knowledge processing solutions |  |  | — |  |  |  | 100.0 |
SPi CRM, Inc., or SPi CRM(d) |  | Philippines |  | Customer relationship management |  |  | — |  |  |  | 100.0 |
Infocom Technologies, Inc., or Infocom(d) |  | Philippines |  | Customer relationship management |  |  | — |  |  |  | 99.6 |
Others |  |  |  |  |  |  |  |  |  |  |  |
PLDT Communications and Energy Ventures, Inc., or PCEV |  | Philippines |  | Investment holding company |  |  | — |  |  |  | 99.5 |

(a) | Dissolved on May 3, 2011.

(b) | In June 2011, the management and operations of BOW were sold by SHPL to Stratos BV, a third party.

(c) | Ceased commercial operations.

(d) | On December 6, 2011, SPi, SPi CRM and Infocom were transferred by ePLDT to SPi Global to support PLDT’s objective to grow the BPO segment.

(e) | On April 1, 2011, ePLDT sold its entire 75% equity interest in Digital Paradise.

(f) | On July 11, 2011, ePLDT sold its 57.5% interest in Level Up!.

(g) | On October 26, 2011, PLDT acquired 51.6% equity interest in Digitel. On December 8, 2011 PLDT exercised the conversion option on convertible and exchangeable bonds issued by Digitel and DCPL, respectively, for an aggregate of 4 billion Digitel common shares, increasing PLDT’s equity interest from 51.6% to 70.2%. At the end of the tender offer period on January 16, 2012, PLDT’s equity interest in Digitel increased from 70.2% to 98%. The acquisition of 51.6% equity interest in Digitel and mandatory tender offer were accounted for as linked transactions, and the acquisition of Digitel was treated as if 100% equity interest were obtained up to end of tender offer period where the actual remaining noncontrolling interest is determined. See Note 13 — Business Combinations — PLDT’s Acquisition of Digitel to the accompanying consolidated financial statements in Item 18 for further discussion.

(h) | On July 25, 2011, SPi Global was sold by ePLDT to PLDT and reclassified as a holding company for BPO segment. ePLDT and its remaining subsidiaries were folded to the fixed line business of PLDT. See in Note 4 — Operating Segment Information to the accompanying consolidated financial statements in Item 18 for further discussion.