Telco giant PLDT Inc. is in early discussions with financial advisers to explore partnerships with potential investors for its data center business, according to the company’s president and CEO, Alfredo Panlilio.
Panlilio said that no formal process has been initiated and no decisions have been made regarding the sale of a minority stake in its data center assets.
The company is currently focused on completing its 11th data center and evaluating the possibility of building a 12th, depending on customer and hyperscaler demand.
ePLDT, PLDT’s data center subsidiary, operates the widest data center network in the Philippines, with nearly 10,000 racks available to meet the needs of global and local enterprises across various industries.
The company’s newest data center, VITRO Sta. Rosa, located in Laguna, is set to be the largest and most advanced data center in the country with an initial power capacity of 14 megawatts in early 2024, which will increase to 50 MW once fully operational.
In response to the increasing adoption of digital financial services, e-commerce, and digital media, as well as the government’s push for digitalization and regional competitiveness, ePLDT is rapidly investing in more capacity.
The company has expanded its VITRO Makati 2, its largest operational data center, by adding an additional 12 megawatts (MW) capacity, bringing the total capacity to 3,360 racks running on 20 MW of total power capacity, an increase of 150 percent.