SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
Globe Telecom, Inc.
(Exact name of Registrant as specified in its Charter)
5/F Globe Telecom Plaza
Pioneer Corner Madison Streets
1552 Mandaluyong City
Philippines
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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.
Yes No X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
This report consists of a letter filed with the Philippine Securities and Exchange Commission and the Philippine Stock Exchange on June 14, 2004 regarding a recent United States Federal Communications Commission order.
CM 020
Globe Telecom
14 March 2004
SECURITIES AND EXCHANGE COMMISSION
SEC Building, EDSA
Mandaluyong, Metro Manila
Attention : | MS. JUSTINA CALLANGAN | |
| Director |
-and -
PHILIPPINE STOCK EXCHANGE, INC.
4/F Philippine Stock Exchange Center
Exchange Road, Ortigas Center
Pasig City
Attention : | MR. JOSE CERVANTES | |
| Senior Vice President | ||
| MS. LUISA BUENAVENTURA | ||
| Supervisor, Disclosure Department | ||
Gentlemen :
We hereby disclose that Globe Telecom has received notice that the Federal Communications Commission (FCC) of the United States issued an order affirming the earlier order of its International Bureau in IB Docket No. 03-38 “In the Matter of AT & T Corp. Emergency Petition for Settlements Stop Payment Order and request for Immediate Interim Relief and Petition of Worldcom, Inc., for Prevention of Whipsawing on the US-Philippines Route”finding that Philippine carriers allegedly engaged in “whipsawing” of certain US carriers.
As the order itself notes, however, traffic between Philippine and US carriers continue to flow, and settlements continue to be made, pursuant to the interim agreements entered into between the Philippine and US carriers prior to the issuance of the new order. The FCC’s latest order also explicitly stated that it was not making any findings of collusion in relation to the ongoing investigation being conducted by the US Department of Justice on the possibility of anticompetitive practices among the Philippine carriers relative to their conduct in the termination rate dispute with US carriers.
Globe is currently evaluating all options available to it and will take whatever legal action is necessary to protect its interests in this matter.
If you have any inquiries regarding this matter, please feel free to call on us.
Very truly yours,
ATTY. MA. CARIDAD D. GONZALES
Head, Legal Services Division
Signature
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.
| Globe Telecom Inc. | ||
By: | /s/ Delfin C Gonzalez, Jr. | |
Name: | Delfin C. Gonzalez, Jr. | |
Title: | Chief Financial Officer | |
Date: June 15, 2004