Philippines' PLDT in talks to sell up to 49% stake in data center business to Japan's NTT, chairman says

NTT

07/05/2024 08:18

By Neil Jerome Morales and Yantoultra Ngui
       MANILA/SINGAPORE, May 7 (Reuters) - Philippines' largest
telecommunications group PLDT
 TEL.PS  is in talks to sell a minority stake of up to 49% in
its data center business to Japan's Nippon Telegraph and
Telephone Corp (NTT)  9432.T , PLDT Chairman Manuel Pangilinan
told Reuters on Tuesday.
    The deal, if finalised, could value PLDT's data center
business at $750 million, according to two sources with direct
knowledge of the matter. 
    PLDT said it had no comment to make at this stage. NTT was
not immediately available for comment.

 (Reporting by Neil Jerome Morales in Manila and Yantoultra Ngui
in Singapore
Editing by Shri Navaratnam)
 ((Yantoultra.Ngui@thomsonreuters.com;))