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PLDT considers REIT listing for data center business

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Data Centers Berita

PLDT Inc

Pangilinan-led PLDT Inc. on Thursday said it is considering having its data center business listed on the Philippine Stock Exchange (PSE) through a real estate investment trust (REIT), with the firm now in talks to sell a stake in the asset to Japan’s Nippon Telegraph and Telephone (NTT).

Pangilinan-led PLDT Inc. on Thursday said it is considering having its data center business listed on the Philippine Stock Exchange through a real estate investment trust , with the firm now in talks to sell a stake in the asset to Japan’s Nippon Telegraph and Telephone .According to PLDT chairman and chief executive officer Manuel V.

If they cannot meet the target objective of valuation for PLDT… Yes, we have to talk to others who offer high valuation,” he said.Should the valuation not be met, Pangilinan said PLDT is also considering listing the data business as a REIT on the local bourse, under which the firm will maintain full control of the business.“Don’t be surprised if we go for that.

 

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