PLDT eyes new investor for data center biz
Tycoon Manuel V. Pangilinan said telco giant PLDT remains open to selling a 49 percent stake in its data center business.
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Part of ePLDT is up for sale
This came as the group withdrew its talks with Japan’s Nippon Telegraph and Telephone Corp. (NTT) who signified interest to buy a 51-percent stake in ePLDT. However, PLDT was only willing to dispose of 49 percent.
Pangilinan said pushing the deal with Nippon may result in a P6-billion drop in the group’s revenues.
PLDT hopes to sign a definitive agreement with the unnamed investor within the year. Closing of the transaction may happen in 2025.
The current discussion turns to investing directly in data centers. And likely to be a mixture of existing shares that will be sold by ePLDT in data centers and new shares, meaning new money to be infused in data centers, the billionaire said.
But Pangilinan said keeping 100 percent of ePLDT was “not an altogether bad option” amid growth opportunities.
It's making money. It's crucial to the enterprise side of the business, he said.
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