With Mynt-GCash racing to become the first Philippine financial technology (fintech) initial public offering (IPO) to raise $1 billion and sister company Vitro Inc. also seeking approval for a ₱24-billion real estate investment trust (REIT) stock market debut, market experts are weighing whether...
The country’s first digital infrastructure real estate investment trust (REIT) is moving forward as integrated telco PLDT Inc. prepares to offer nearly 49 percent of its data center arm to the public, aiming to raise up to ₱24.2 billion. In a disclosure on Monday, June 22, PLDT announced that...
Telecommunications giant PLDT Inc. is listing its data center assets as a Real Estate Investment Trust (REIT) to unlock a reliable source of capital and manage its debt burden. PLDT chairman and chief executive officer Manuel V. Pangilinan confirmed that the company has decided to move forward with...
For seasoned executive Victor Genuino, the Philippines is poised to become a major powerhouse for data centers—a go-to destination for tech companies driving the next wave of digital progress. It’s a bold vision, and one he is already executing as head of VITRO Inc. “My dream is for the...
Telecommunications giant PLDT Inc. has set its sights on constructing its 12th and largest data center in Cavite, pending the high occupancy rate of its facility in Sta. Rosa, Laguna, and a risk assessment study on the potential site. VITRO Inc., the data center arm of PLDT, plans to build a data...