PLDT targets ₱26 billion from asset sales and possible data centre listing
A proposed sale-and-leaseback deal covers 150 to 200 towers, while a VITRO listing remains dependent on interest rates in 2027.
Philippine telecommunications company PLDT expects to raise ₱26 billion in 2027 through tower sales and a possible listing of its data centre business, with the funds intended for capital expenditure.
Chief financial advisor Stanley Yang said PLDT was discussing a sale-and-leaseback transaction involving 150 to 200 towers, targeting completion in the first quarter of 2027. The proposed deal could bring in as much as ₱2 billion, following earlier tower transactions in 2022 and 2023.
Chairman, president and CEO Manuel V. Pangilinan said PLDT wanted to raise up to ₱25 billion by monetising its data centres. VITRO Inc. could pursue a real estate investment trust listing on the Philippine Stock Exchange, but the decision would depend on interest rate movements in 2027, he said.
VITRO had originally planned a listing in 2026 to raise ₱24.2 billion. Economic risks and monetary tightening prompted its postponement. Yang said PLDT also planned to sell non-core properties in 2027, including unused offices. Sales of copper cables and inactive offices have already generated ₱4.1 billion.
PLDT’s financial report showed net income fell eight per cent to ₱21.67 billion amid higher expenses. Core income from telecommunications services dropped six per cent to ₱23.48 billion, while revenue rose two per cent to ₱166.21 billion.
