Philippines' PLDT plans to sell up to 49% stake in its data center unit, targeting over $1bn valuation by July.
Philippines' largest telco PLDT plans to sell a stake in its data center unit by July, targeting over $1bn valuation. The company aims to sell up to 49% stake, with proceeds used to pay debt. The final bidder remains undisclosed; previous talks were reported with Japan's NTT. This move is part of PLDT's parent company, Hong Kong-based First Pacific Co Ltd's transaction plan for its Philippine units.
June 11, 2024
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