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PLDT plans first data center REIT IPO in the Philippines

PLDT is pushing ahead with a plan to list its data center business on the stock market. This would be the first time a company in the Philippines has done something like this with data center assets. The company’s board recently signed off on the idea. According to a filing on Tuesday, the IPO will use the REIT structure, which stands for real estate investment trust. The assets involved are from PLDT’s VITRO data centers, which already bring in steady income. The main reason for the move is to raise fresh funds. PLDT wants to build more AI-ready digital infrastructure across the country. The company also sees this as a way to get more value out of its existing data center portfolio. A senior official from ePLDT, the unit that runs the data centers, said the company wants to keep up with rising demand for enterprise and AI services. He also mentioned that a REIT listing would allow more investors to join in on the growth of the digital sector. Earlier this year, the S...
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PLDT plans first data center REIT IPO in the Philippines

PLDT-data-center

PLDT is pushing ahead with a plan to list its data center business on the stock market. This would be the first time a company in the Philippines has done something like this with data center assets.

The company’s board recently signed off on the idea. According to a filing on Tuesday, the IPO will use the REIT structure, which stands for real estate investment trust. The assets involved are from PLDT’s VITRO data centers, which already bring in steady income.

The main reason for the move is to raise fresh funds. PLDT wants to build more AI-ready digital infrastructure across the country. The company also sees this as a way to get more value out of its existing data center portfolio.

A senior official from ePLDT, the unit that runs the data centers, said the company wants to keep up with rising demand for enterprise and AI services. He also mentioned that a REIT listing would allow more investors to join in on the growth of the digital sector.

Earlier this year, the Securities and Exchange Commission updated its REIT rules. The revised guidelines now include digital infrastructure like data centers. Before that, only traditional properties such as office buildings or malls qualified.

PLDT currently runs 11 data centers. Some new facilities are also under construction. Demand for cloud computing and AI is growing fast in the region, and data centers have become a hot property segment.

Many things have not been decided yet. These include how much the IPO will be worth (reportedly up to $400 million), how many shares will be sold, and when the listing might happen. The final list of assets to be included is also not fixed.

This article, PLDT plans first data center REIT IPO in the Philippines, was originally published at NoypiGeeks | Philippines Technology News, Reviews and How to's.


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