Technology
PLDT Eyes $400M Data Center REIT Listing
Philippine telco giant PLDT Inc. is planning an initial public offering (IPO) for its data center arm, VITRO Inc., as a Real Estate Investment Trust (REIT), aiming to raise up to $400 million. This would mark the Philippines' first data center REIT.
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Philippine telco giant PLDT Inc. is preparing to list its data center assets as a real estate investment trust (REIT) by the fourth quarter, aiming to raise up to $400 million. The move is part of the company's strategy to expand digital infrastructure investments and diversify revenue streams.