PLDT preps data center unit for $400-M REIT IPO by Q4

MANILA, Philippines – PLDT Inc. is targeting a fourth-quarter listing of its data center assets under a real estate investment trust (REIT), in a deal that chair Manuel V. Pangilinan said could raise as much as $400 million. At the company’s annual stockholders’ meeting on Tuesday, Pangilinan said the Vitro REIT initial public offering (IPO)