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. |