News Formal

PLDT considers REIT listing for data center business

  • 📰 gmanews
  • ⏱ Reading Time:
  • 19 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Data Centers News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Filinvest Land Inc. Partners with KMC Community Inc. to Foray into Co-working Business SolutionsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

PLDT Home confident of retaining market leadership in broadbandDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »