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PLDT exploring new investment avenues for data centre business

The group has budgeted P80 billion to P85 billion in 2023 for capital expenditures (CAPEX), slightly less than in 2022.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

March 29, 2023 | 8:53 PM BST

PLDT exploring new investment avenues for data centre business

PLDT president and chief executive Alfredo Panlilio. Source: PLDT

The Tech Capital

Philippine telecommunications, internet, and digital service holdings company PLDT Inc. (NYSE: PHI) has confirmed it is in conversations with financial advisers with the intent to potentially take on new investment directed towards its data centre business arm, ePLDT VITRO Data Centers.

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João Marques Lima

Founder and Editor, The Tech Capital

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