JULY 2006 PRESS RELEASE

ePLDT COMPLETES ACQUISTION OF SPi TECHNOLOGIES, INC.
ACQUISITION CREATES THE LARGEST FULL SERVICE
BUSINESS PROCESS OUTSOURCING FIRM IN THE PHILIPPINES
July 11, 2006, Makati City, Manila, Philippines: The Philippine Long Distance Telephone Company (“PLDT”; NYSE: PHI; PSE: TEL) announced today that its wholly-owned subsidiary, ePLDT, Inc. (“ePLDT”) has completed the acquisition of 100% of SPi Technologies, Inc. and its direct and indirect Philippine and offshore subsidiaries (“SPi”). Read more

PLDT launches fiber optic link to Baguio
BAGUIO, Philippines, July 28, 2006 – PLDT today launched the first fiber optic link to Baguio City, connecting the City of Pines to PLDT’s DFON or Digital Fiber Optic Network, the country’s first and biggest nationwide fiber optic network. Read more