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PLDT to monetize data centers
November 14, 2024
|The Philippine Star
Telco giant PLDT Inc. is expected to close its partial sale of data centers in 2025, and is gearing up to spend the proceeds on debt payments to strengthen financial standing.
PLDT is currently talking to prospective investors interested in acquiring a minority stake in its data center unit VITRO Inc. as it anticipates that a deal will be signed next year.
PLDT chief finance officer Danny Yu said the negotiations are taking longer than expected, given the due diligence that interested parties have to do before buying into the data centers.
Once an agreement is reached, Yu said PLDT has to submit whatever the agreement would be to the Philippine Competition Commission (PCC) to undergo antitrust review.
As such, Yu believes the telco would be fortunate to sign the deal next year.
هذه القصة من طبعة November 14, 2024 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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