Philippines’ PLDT Seeks Up to $400 Million From REIT Listing

AI Summary

Philippines telecom giant PLDT plans to raise between $300 million and $400 million via a real estate investment trust (REIT) listing focused on its data center business. This move capitalizes on global investor interest in technology and artificial intelligence assets.

Top Philippine telecoms firm PLDT Inc. plans to raise between $300 million and $400 million from the listing of a real estate investment trust for its data center business amid a global wave of investor interest in technology and artificial intelligence assets.