PLDT Inc. is preparing to list a data center real estate investment trust (REIT) on the Philippine Stock Exchange, aiming to raise up to $400 million, according to a report by Philstar Biz. The listing would be the first of its kind for a data center in the country.
The telco giant's move into the REIT space underscores the growing demand for data center infrastructure in the Philippines, driven by digitalization and cloud adoption. PLDT already operates several data centers across the country and plans to expand its capacity further.
If successful, the listing could provide a new avenue for investors to gain exposure to the data center sector while allowing PLDT to monetize its assets. The company has yet to disclose a timeline for the offering.