PLDT Inc. has filed an application to list its data center assets as a real estate investment trust (REIT), seeking to raise up to P24.2 billion in the offering.
The move marks a significant step in the telecommunications group's strategy to unlock value from its growing digital infrastructure portfolio and provide investors with direct exposure to the Philippines' expanding data center market.
The P24.2 billion target reflects the substantial scale of PLDT's data center footprint, which has been expanding rapidly to meet surging demand for cloud services and digital transformation in Southeast Asia.
The proposed REIT structure allows PLDT to separate its high-growth, capital-intensive data center business from its core telecommunications operations.
By listing these assets separately, the company aims to access a broader base of institutional investors seeking stable, dividend-paying investments while retaining operational control over the facilities.
The P24.2 billion target reflects the substantial scale of PLDT's data center footprint, which has been expanding rapidly to meet surging demand for cloud services and digital transformation in Southeast Asia.
This development comes as regional telecom operators increasingly look to alternative capital structures to fund network upgrades and digital expansion.