Philippine telecoms giant PLDT files for first data centre REIT IPO

The proposed VITRO REIT listing would be the Philippines’ first digital infrastructure REIT, amid a quiet Southeast Asia IPO market and increasing demand for data centre development.

Philippines' telecom giant PLDT Inc. has submitted a registration statement and real estate investment trust (REIT) plan to the Securities and Exchange Commission of the Philippines (SEC) for the proposed initial public offering (IPO) of VITRO REIT, in a deal that could raise up to PHP24.2 billion ($397 million).

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