PSE Circular for Brokers No. 2774-98
PSE Circular for Brokers No. 2774-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 16, 1998
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December 16, 1998 PSE CIRCULAR FOR BROKERS NO. 2774-98 16 DECEMBER 1998 PHILIPPINE STOCK EXCHANGE, INC . Philippine Stock Exchange Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Eileen M . Lacorte Analyst Gentlemen : This refers to your letter requesting clarification of the news article entitled " Globe PT &T merger Looms " published in the December 12, 1998 issue of the Philippine Star. Globe Telecom hereby denies the allegations of the aforestated article. While merger talks are quite common in the telecommunications industry and are to be expected given the number of competitors in the market, Globe has had no formal negotiations or agreement with PT & T for any merger as of this time. We also wish to clarify that the article adverted to was not a press release of Globe Telecom nor did the company cause the publication of this in any other way. We hope this clarifies matters. Very truly yours, (SGD.) ATTY. MA. CARIDAD D. GONZALES Assistant Vice-President, Legal Services Group
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