Billionaire Anthoni Salim-Backed PLDT To Raise $396 Million From Philippine Data Center REIT IPO
PLDT's data center unit, Vitro Inc., plans to raise $396 million through an IPO in the Philippines. This move aims to capitalize on the growing demand for digital infrastructure in the region.
Why it matters
It reflects the massive capital investment flowing into data centers to support the global expansion of digital and AI services.
--:-- / --:-- This voice experience is generated by AI. Learn more . This voice experience is generated by AI. Learn more . Server room in a data center. getty PLDT —backed by Indonesian billionaire Anthoni Salim’s Hong Kong-listed First Pacific Co.—plans to raise 24.2 billion pesos ($396 million) in what could be the first IPO of a data-center REIT in the Philippines.
The article is a straightforward business report detailing financial transactions and corporate strategy without ideological framing.
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