EXHIBIT 8
PLDT Inc.
Subsidiaries as at December 31, 2018
Our consolidated financial statements include the financial statements of PLDT and the following subsidiaries (collectively, the “PLDT Group”) as at December 31, 2018 and 2017:
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2018 |
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2017 |
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Place of |
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Percentage of Ownership |
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Name of Subsidiary |
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Incorporation |
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Principal Business Activity |
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Direct |
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Indirect |
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Direct |
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Indirect |
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Wireless |
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Smart: |
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Philippines |
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Cellular mobile services |
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100.0 |
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— |
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100.0 |
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— |
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Smart Broadband, Inc., or SBI, and Subsidiary |
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Philippines |
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Internet broadband distribution services |
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— |
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100.0 |
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— |
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100.0 |
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Primeworld Digital Systems, Inc., or PDSI |
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Philippines |
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Internet broadband distribution services |
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— |
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100.0 |
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— |
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100.0 |
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I-Contacts Corporation |
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Philippines |
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Operations support servicing business |
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— |
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100.0 |
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— |
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100.0 |
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Smart Money Holdings Corporation, or SMHC(a) |
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Cayman Islands |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Far East Capital Limited, or FECL, and Subsidiary, or FECL Group(a) |
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Cayman Islands |
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Cost effective offshore financing and risk management activities for Smart |
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— |
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100.0 |
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— |
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100.0 |
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PH Communications Holdings Corporation, or PHC |
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Philippines |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Connectivity Unlimited Resource Enterprise, or CURE |
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Philippines |
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Cellular mobile services |
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— |
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100.0 |
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— |
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100.0 |
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Francom Holdings, Inc., or FHI |
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Philippines |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group(a) |
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British Virgin Islands |
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Content provider, mobile applications development and services |
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— |
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100.0 |
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— |
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100.0 |
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Wifun, Inc., or Wifun |
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Philippines |
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Software developer and selling of WiFi access equipment |
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— |
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100.0 |
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— |
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100.0 |
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Telesat, Inc.(a) |
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Philippines |
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Satellite communications services |
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100.0 |
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— |
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100.0 |
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— |
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ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines |
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Philippines |
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Satellite information and messaging services |
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88.5 |
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11.5 |
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88.5 |
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11.5 |
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Digitel Mobile Philippines, Inc., or DMPI, (a wholly-owned subsidiary of Digitel) |
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Philippines |
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Cellular mobile services |
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— |
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99.6 |
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— |
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99.6 |
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Fixed Line |
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PLDT Clark Telecom, Inc., or ClarkTel |
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Philippines |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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PLDT Subic Telecom, Inc., or SubicTel |
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Philippines |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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PLDT Global Corporation, or PLDT Global, and Subsidiaries |
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British Virgin Islands |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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Smart-NTT Multimedia, Inc.(a) |
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Philippines |
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Data and network services |
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100.0 |
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— |
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100.0 |
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— |
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PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group |
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Philippines |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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Talas Data Intelligence, Inc., or Talas |
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Philippines |
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Business infrastructure and solutions; intelligent data processing and implementation services and data analytics insight generation |
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100.0 |
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— |
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100.0 |
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— |
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ePLDT, Inc., or ePLDT: |
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Philippines |
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Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services |
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100.0 |
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— |
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100.0 |
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— |
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IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group |
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Philippines |
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Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services |
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— |
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100.0 |
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— |
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100.0 |
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Curo Teknika, Inc., or Curo |
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Philippines |
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Managed IT outsourcing |
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— |
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100.0 |
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— |
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100.0 |
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ABM Global Solutions, Inc., or AGS, and Subsidiaries, or AGS Group |
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Philippines |
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Internet-based purchasing, IT consulting and professional services |
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— |
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100.0 |
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— |
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100.0 |
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ePDS, Inc., or ePDS |
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Philippines |
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Bills printing and other related value-added services, or VAS |
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— |
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95.0 |
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— |
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67.0 |
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netGames, Inc.(b) |
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Philippines |
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Gaming support services |
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— |
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57.5 |
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— |
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57.5 |
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MVP Rewards Loyalty Solutions, Inc., |
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Philippines |
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Full-services customer rewards and loyalty programs |
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— |
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100.0 |
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— |
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— |
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Digitel: |
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Philippines |
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Telecommunications services |
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99.6 |
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— |
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99.6 |
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— |
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Digitel Information Technology Services, Inc.(a) |
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Philippines |
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Internet services |
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— |
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99.6 |
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— |
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99.6 |
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PLDT-Maratel, Inc., or Maratel |
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Philippines |
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Telecommunications services |
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98.0 |
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— |
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98.0 |
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— |
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2018 |
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2017 |
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Place of |
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Percentage of Ownership |
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|||||||||||||
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Name of Subsidiary |
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Incorporation |
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Principal Business Activity |
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Direct |
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Indirect |
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Direct |
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Indirect |
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Philippines |
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Telecommunications, infrastructure and related VAS |
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75.0 |
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— |
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75.0 |
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— |
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Pacific Global One Aviation Company, Inc., or PG1 |
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Philippines |
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Air transportation business |
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65.0 |
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— |
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65.0 |
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— |
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Pilipinas Global Network Limited, or PGNL, and Subsidiaries |
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British Virgin Islands |
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Internal distributor of Filipino channels and content |
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64.6 |
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— |
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64.6 |
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— |
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Others |
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PLDT Global Investments Holdings, Inc., or PGIH |
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Philippines |
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Investment company |
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100.0 |
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— |
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100.0 |
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— |
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PLDT Digital Investments Pte. Ltd., or PLDT Digital, and Subsidiaries |
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Singapore |
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Investment company |
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100.0 |
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— |
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100.0 |
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— |
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Mabuhay Investments Corporation, or MIC(a) |
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Philippines |
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Investment company |
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67.0 |
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— |
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67.0 |
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— |
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PLDT Global Investments Corporation, or PGIC |
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British Virgin Islands |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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PLDT Communications and Energy Ventures, Inc., or PCEV |
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Philippines |
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Investment company |
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— |
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99.9 |
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— |
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99.9 |
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Voyager Innovations Holdings, Pte. Ltd., or VIH, (formerly eInnovations Holdings Pte. Ltd.)(d): |
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Singapore |
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Investment company |
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— |
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— |
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— |
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100.0 |
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Voyager Innovations Investments Pte. Ltd., or VII, (formerly Takatack Holdings Pte. Ltd.)(e) |
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Singapore |
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Investment company |
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— |
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— |
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— |
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100.0 |
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Voyager Innovations Singapore Pte. Ltd., or VIS, (formerly Takatack Technologies Pte. Ltd.)(f) |
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Singapore |
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Development and maintenance of IT-based solutions for communications and e-Commerce platforms |
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— |
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— |
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— |
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100.0 |
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Takatack Malaysia Sdn. Bhd., or Takatack Malaysia |
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Malaysia |
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Development, maintenance and support services to enable the digital commerce ecosystem |
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— |
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— |
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— |
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100.0 |
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Voyager Innovations, Inc., or Voyager |
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Philippines |
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Mobile applications and digital platform developer |
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— |
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— |
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— |
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100.0 |
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Voyager Innovations Pte. Ltd., or VIP, (formerly ePay Investments Pte. Ltd)(g) |
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Singapore |
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Investment company |
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— |
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— |
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— |
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100.0 |
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PayMaya Philippines, Inc., or PayMaya |
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Philippines |
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Provide and market certain mobile payment services |
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— |
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— |
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— |
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100.0 |
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PayMaya Operations Philippines, Inc., or PayMaya Ops |
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Philippines |
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Market, sell and distribute payment solutions and other related services |
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— |
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— |
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— |
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100.0 |
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ePay Investments Myanmar, Ltd., or ePay Myanmar(h) |
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Myanmar |
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Investment company |
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— |
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— |
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— |
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100.0 |
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3rd Brand Pte. Ltd., or 3rd Brand(i) |
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Singapore |
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Solutions and systems integration services |
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— |
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— |
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— |
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85.0 |
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Voyager Fintech Ventures Pte. Ltd., or Fintech Ventures |
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Singapore |
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Investment company |
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— |
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— |
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— |
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100.0 |
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Fintqnologies Corporation, |
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Philippines |
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Development of financial technology innovations |
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— |
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— |
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— |
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100.0 |
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Fintq Inventures Insurance Agency Corporation |
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Philippines |
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Insurance company |
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— |
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— |
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— |
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100.0 |
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(a) |
Ceased commercial operations. |
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(b) |
Ceased commercial operations and under liquidation due to shortened corporate life to August 31, 2015. |
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(c) |
On September 14, 2018, MRSI was incorporated and ePLDT made an initial investment of Php50 million. |
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(d) |
On July 11, 2017, the Accounting and Corporate Regulatory Authority, or ACRA, of Singapore approved the change in business name of eInnovations Holdings Pte. Ltd. to Voyager Innovations Holdings Pte. Ltd. On April 16, 2018, the ACRA of Singapore approved the transfer of VIH to PCEV. On November 28, 2018, upon closing of the subscription agreements of PLDT, Tencent Holdings Limited, or Tencent, and KKR & Co., Inc., or KKR, PCEV’s ownership in VIH was reduced to 53.87% and with only two board seats in the investee, the transaction resulted to a loss of control. On December 10, 2018, PCEV’s ownership in VIH was further reduced to 48.74% upon receipt of the investments from International Finance Corp., or IFC, and IFC Emerging Asia Fund, or IFC EAF. PCEV accounts for its remaining interest in VIH as investment in associate starting December 2018. |
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(e) |
On December 29, 2017, the ACRA of Singapore approved the change in business name of Takatack Holdings Pte. Ltd. to Voyager Innovations Investments Pte. Ltd. |
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(f) |
On March 6, 2018, the ACRA of Singapore approved the change in business name of Takatack Technologies Pte. Ltd. to Voyager Innovations Singapore Pte. Ltd. |
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(g) |
On January 25, 2018, the ACRA of Singapore approved the change in business name of ePay Investments Pte. Ltd. to Voyager Innovations Pte. Ltd. |
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(h) |
On July 25, 2017, ePay Investments Myanmar, Ltd. was incorporated in Myanmar to engage in the business of providing support services on the development and provision of digital technology. |
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(i) |
On January 15, 2018, VIH purchased from Phenix Investment Management Ltd. (formerly Kolipri Communications Ltd.) its 15% minority interest of 3rd Brand for a consideration of SG$1.00. |