PLDT Inc. announced Tuesday its board approved plans to potentially list its data center assets under subsidiary VITRO Inc. as a real estate investment trust (REIT).
The move follows new SEC rules issued this year that expanded REIT coverage to include digital infrastructure like data centers, which generate steady income.
The proposed REIT aims to unlock value from PLDT’s assets, open the sector to more investors, and raise funds for future expansion. VITRO runs data centers nationwide and is building new facilities amid rising demand.
ePLDT president Victor Genuino said the listing would strengthen VITRO and let investors take part in the sector’s growth.
The plan still needs regulatory and company approvals, with final details like assets, size, and timeline not yet set. Advisers are UBS AG and BPI Capital.
This follows a failed 2024 attempt to sell a minority stake in VITRO after talks with Japan’s NTT ended over differing control demands.
