Thursday, September 11, 2025

PLDT keen on selling stake in data center business

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PLDT Inc. is considering selling a portion of its stake in its data center subsidiary Vitro Inc., given the strong interest from multinational companies.

“We’ve been approached lately … they’re big multinational (companies).  I think this time were serious about selling our stake in data center,” PLDT chairman and chief executive Manuel Pangilinan said during the recent financial briefings.

In May 2025, Pangilinan said the company was no longer planning to sell part of its stake in Vitro Inc., which operates 11 data centers in the country.

Prior to this, PLDT had confirmed talks with CVC Capital Partners and Nippon Telegraph and Telephone Corp. for the sale of its data center business.

Pangilinan also had said the company plans to sell a 49 percent stake in ePLDT for about $1 billion while retaining a controlling 51 percent ownership of Vitro Inc., a wholly owned subsidiary of ePLDT, the ICT holding company of the PLDT Group.

Last April, ePLDT Inc has inaguarated the country’s first hyperscale data center in situated in Sta. Rosa, Laguna.

VITRO Sta. Rosa is a massive purpose-built 50-megawatt hyperscale facility equipped with at least three fiber routes to ensure network diversity, resilience and carrier neutrality.

ePLDT has established VITRO Inc. to serve as its dedicated data center operations company to spearhead the PLDT Group’s advancements in its data center builds, innovations and services as well as optimize operations.

In the first half of this year, ePLDT and VITRO Inc. recorded P3.1 billion in combined revenues, a 15 percent increase from the previous year.

ePLDT’s growth was fueled by demand for multi-cloud and cybersecurity solutions across key sectors.

This year, ePLDT launched its GPU-as-a-Service (GPUaaS) offering to address the AI infrastructure gap, hosted locally at VITRO Sta. Rosa, the country’s first AI-ready hyperscale data center.

VITRO also saw a 36 percent increase in colocation revenues, driven by financial institutions, public sector clients, and hyperscalers, according to PLDT.

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