PLDT Eyes P26 Billion Capital Infusion From Tower, Data Center Unit Sales
Philippine telco giant PLDT aims to raise P26 billion next year through a new round of tower sales and a potential IPO of its data center unit to fund capital expenditures.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Dumaguete City to Boost Water Supply by 3 Million Liters Daily with New Pumping Station
A new PHP10-million pumping station in Dumaguete City, Philippines, is set to increase the daily water supply by 3 million liters upon operation, benefiting approximately 30,000 customers and an additional 3,000 households. The facility is slated for completion in early 2027.
- Telco Consolidation Floats as Profits Dip Amid Rising Costs
Amid rising costs, sluggish revenue growth, and pressure on consumer spending, the chairman of major Philippine telco PLDT has again floated the prospect of industry consolidation, citing too many players for the market size.
- Sandigan justice scolds BJMP official over statements on Romualdez aide
The Sandiganbayan, the Philippines' anti-graft court, reprimanded a Bureau of Jail Management and Penology (BJMP) official for her statements regarding the presence of an aide to former Speaker Martin Romualdez inside a jail cell. The magistrate cautioned against making speculative remarks on pre-trial matters.
- PH Firms Trail Global AI Curve by 2 Years — Study
Philippine businesses are lagging two years behind the global average in adopting artificial intelligence (AI), primarily due to constraints in data, talent, and cost, a recent study revealed.