PLDT Targets Up to $400M From Data Center REIT Listing
Philippine telecom giant PLDT plans to raise $300–$400 million via a REIT listing of its data center business, capitalizing on surging investor demand for AI and tech infrastructure assets.
Philippine telecoms giant PLDT Inc. is planning to raise between $300 million and $400 million through the listing of a real estate investment trust (REIT) for its data center business, tapping into a global wave of investor enthusiasm for technology and artificial intelligence assets.
The company, one of the largest telecom operators in the Philippines, aims to monetize its data center portfolio as demand for AI-driven computing and cloud services accelerates. The REIT structure allows PLDT to unlock value from its physical infrastructure while retaining operational control. This move aligns with a broader trend where telecom and tech firms are spinning off data center assets into REITs to access cheaper capital and improve balance sheet efficiency. For fixed-income and rates traders, the deal signals growing appetite for yield-generating real estate assets tied to the tech sector, which could influence credit spreads and sector-specific bond issuance.
Investors will watch the pricing and subscription levels of the offering, which will test market appetite for Philippine data center exposure. The success of the listing could encourage other regional telecom and technology companies to pursue similar REIT structures, potentially increasing supply in the Asian REIT market. Traders can monitor real-time price movements and related market data on NowPrice's live dashboard as the deal progresses.