Telco giant PLDT Inc. will sell nearly half of its stake in its data center business through an initial public offering on the Philippine Stock Exchange, targeting proceeds of up to P24.2 billion, according to a report by Philstar Biz.
The listing, which remains subject to regulatory approval, would make PLDT’s data center unit one of the largest publicly traded infrastructure assets in the Philippines. The telco has been expanding its data center footprint amid rising demand for cloud services and digital transformation across enterprises.
Proceeds from the IPO are expected to fund further capacity expansion and support PLDT’s push into higher-margin digital services. The move mirrors a global trend where telecom operators are spinning off or monetizing data center assets to unlock shareholder value.