Poging GOUD - Vrij
PLDT to monetize data centers
The Philippine Star
|November 14, 2024
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.
Dit verhaal komt uit de November 14, 2024-editie van The Philippine Star.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Philippine Star
The Philippine Star
Rising loveteam Heart Ryan and Zeke Polina lead Viva One’s ‘Hell University’
Following the onscreen pairings of Andres Muhlach and Ashtine Olviga, as well as Rabin Angeles and Angela Muji, here comes another rising loveteam from Viva.
2 mins
January 10, 2026
The Philippine Star
More M&A deals expected this year
Merger and acquisition (M&A) transactions in the Philippines are expected to increase this year after deal activity saw a slowdown in 2025 with investors being strategically selective, according to a report by PwC Philippines.
2 mins
January 10, 2026
The Philippine Star
Traslacion held amid outrage vs corruption
A massive crowd of devotees joined the annual Traslacion of the Black Nazarene in Manila yesterday, with some using the gathering to express outrage over a corruption scandal related to flood control projects.
4 mins
January 10, 2026
The Philippine Star
51% of Pinoy families feel poor – SWS
A slim majority of Filipino families rated themselves poor at the end of 2025, according to the fourth quarter survey conducted by Social Weather Stations (SWS).
1 mins
January 10, 2026
The Philippine Star
ROW for metro subway 90% cleared at end-2025
The Department of Transportation (DOTr) has secured 90 percent of the right of way or ROW for the Metro Manila Subway Project (MMSP) as of the end of 2025, picking up the slack for a railway that is now behind by years.
1 mins
January 10, 2026
The Philippine Star
UN sees faster growth for Phl in 2026, 2027
The Philippines is expected to post higher growth this year and the next after likely falling short of its 2025 growth target, according to the United Nations.
2 mins
January 10, 2026
The Philippine Star
MPIC's mWell pushes access to health care in remote areas
Metro Pacific Investments Corp. (MPIC)’s digital health care arm mWell intends to pursue more initiatives to help boost access to health care in far-flung barangays and island communities.
1 mins
January 10, 2026
The Philippine Star
Erice hopes unprogrammed funds will be gone for good
A Supreme Court ruling on the illegality of unprogrammed funds may lead to the permanent removal of unprogrammed appropriations (UA) in the annual national budget, according to Caloocan 2nd district Rep. Edgar Erice.
1 mins
January 10, 2026
The Philippine Star
WHY 'THE KINGDOM' PROVES PINOY STORIES TRAVEL BEST WHEN THEY'RE UNAPOLOGETICALLY OURS
WHEN \"THE KINGDOM\" PREMIERED at the 50th Metro Manila Film Festival (MMFF) in 2024, it didn't feel like just another film festival entry.
4 mins
January 10, 2026
The Philippine Star
Marcos launches DepEd's AI program
President Marcos yesterday launched a new Department of Education (DepEd) program aimed at ensuring the responsible and productive use of artificial intelligence (AI) in basic education.
1 mins
January 10, 2026
Listen
Translate
Change font size