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.