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SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATIONS CODE (SRC)

AND SRC RULE 17(a)-1(b)(3) THEREUNDER 1. 16 April 2020 Date of Report (Date of earliest event reported)

2. 1177 3. 000-768-480-000 SEC Identification Number BIR Tax Identification Number

4. GLOBE TELECOM, INC. Exact Name of registrant as specified in its charter

5. PHILIPPINES 6. (SEC Use Only) Province, country or other jurisdiction of

incorporation Industry Classification Code

7. The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio

Global City, Taguig City, Metro Manila, Philippines

1634 Address of principal office Postal code

8. (02) 7797-2000 Registrant’s telephone number, including area code

9. N.A. Former name or former address, if changed since last report

10. Securities registered pursuant to Sections 4 and 8 of the SRC

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding (as of December 31, 2019)

COMMON SHARES 133,208,407 TOTAL DEBT (in Millions of Pesos) 136,274

Indicate the item numbers reported herein : Please refer to attached

Re: Corporate Disclosure

Pursuant to the requirements of the Securities Regulations Code, the registrant has duly caused

this report to be signed on its behalf by the undersigned hereunto duly authorized.

GLOBE TELECOM, INC. Registrant

Date :

16 April 2020

ATTY. MARISALVE CIOCSON-CO Senior Vice President – Law and Compliance,

Chief Compliance Officer, and Asst. Corp. Secretary

16 April 2020 SECURITIES AND EXCHANGE COMMISSION G/F Secretariat Building, PICC Complex, Pasay City

Attention: Mr. Vicente Graciano Felizmenio, Jr. Director, Markets and Securities Regulation Department

Atty. Rachel Esther J. Gumtang-Remalante Director, Corporate Governance and Finance Department

THE PHILIPPINE STOCK EXCHANGE, INC. 9/F PSE Tower, Bonifacio Global City, Taguig City

Attention: Ms. Janet A. Encarnacion Head, Disclosure Department

Gentlemen: We respectfully submit to your good offices the attached press release entitled “Globe approves purchase of Cascadeo’s assets”. We submit this information in compliance with our corporate governance standards and pertinent regulations. Thank you very much. Very truly yours, ATTY. MARISALVE CIOCSON-CO Senior Vice President – Law and Compliance, Chief Compliance Officer, and Assistant Corporate Secretary CC: PHILIPPINE DEALING AND EXCHANGE CORPORATION

29/F BDO Equitable Tower 8751 Paseo de Roxas, Makati City

Attention: Atty. Marie Rose B. Magallen-Lirio Head, Issuer Compliance and Disclosure Department (ICDD)

PRIVATE For Globe Internal Use Only

Globe approves purchase of Cascadeo’s assets Manila, Philippines - April 16, 2020 - Globe Telecom, Inc.’s (“Globe”) (PSE:GLO) Executive Committee of the Board of Directors, approved today the acquisition of substantially all of the assets of US-based entities, Cascadeo Corporation and Cascadeo Partners and Cascadeo’s Philippine subsidiary, Cascadeo Inc. (referred to as Cascadeo) for US $4M (~Php200Mn), and the signing of a memorandum of agreement setting forth the conditions to close the transaction including the execution of certain definitive agreements and attainment of the approval of the Committee on Foreign Investment in the United States (“CFIUS”). The Executive Committee likewise approved the creation of new entities through which the acquisition will be made. Globe, along with Cascadeo, will make follow up investments for growth capital to fund the company’s expansion strategies. Globe will keep pertinent regulators and the investing public informed of any developments on the matter. “The joint venture with Cascadeo will further strengthen our ability to invent, innovate, and experiment,” said Globe President and CEO Ernest Cu. “We will be leveraging on Cascadeo's Cloud-Native Consulting and Managed Services capabilities to further solidify our credibility as a cloud solutions provider for enterprises, and small and medium business customers who are ready to digitally transform.” The deal forms part of the strategy of Globe Business to accelerate their development of ICT capabilities and solutions and to provide their customers a complete suite of cloud-native products and services. About Globe

Globe is a leading full-service telecommunications company in the Philippines and is publicly listed in the Philippine Stock Exchange with the stock symbol GLO. The company serves the telecommunication and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. It has major interests in financial technology, digital marketing solutions, venture capital funding for startups, entertainment, and virtual healthcare. Its principal shareholders are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region.

For more information, visit www.globe.com.ph. Follow @enjoyglobe on Facebook, Twitter, Instagram and YouTube.

About Cascadeo

Founded in July 2006, Cascadeo, a US-based entity with a subsidiary in the Philippines, is a Premier AWS Consulting Partner and Managed Services Provider (MSP) that specializes in cloud migration, artificial intelligence and machine learning. Originally established to focus on data

PRIVATE For Globe Internal Use Only

centers and customized managed hosting, Cascadeo has evolved to become a Premier AWS Consulting Partner that also provides on-going managed services within the public cloud ecosystem. The company also has partnerships or certifications with other cloud vendors such as Microsoft Azure, Google Cloud Platform, Kubernetes and NetApp Cloud Solutions. Cascadeo.io, an AIOps-enabled platform, is considered the next generation managed services delivered as a SaaS (Software as a Service). For more information, visit www.cascadeo.com.