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PLDT revives 2-track approach for VITRO data center business
Manila Bulletin
|November 17, 2025
Telecommunications firm PLDT Inc. is considering listing a real estate investment trust (REIT) for its data center business, alongside the potential sale of a minority stake, as it seeks to raise fresh capital and reduce its substantial debt load.
PLDT Chairman and Chief Executive Officer Manuel V. Pangilinan said these two options are the only ones the company is currently exploring for the data center unit, which he valued at over $1 billion.
“Either look for a significant minority who could help the business bring in the hyperscaler locators into the Philippines,” Pangilinan told reporters last week. “And number two, is to REIT all of the data centers under one bundle.”
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