PLDT Approves REIT Listing Plan for Data Center Unit, Eyes $300M-$400M Capital Raise
Philippine telecommunications giant PLDT has approved a plan to list its data center business, Vitro Inc., as a real estate investment trust (REIT). The company aims to raise $300 million to $400 million to help settle maturing debts, targeting an IPO completion by the fourth quarter of 2026.
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