'e're talking to the final bidder at this stage,' PLDT Chairman and President Manuel Pangilinan told reporters on Tuesday at the sidelines of the company's stockholders' meeting.'We've agreed the valuation with them,' he added. 'There are a few issues, and there are still a number of open points to be negotiated and agreed with them.''But hopefully in the next few weeks, we should be able to finalize and convert those discussions.
Pangilinan, however, had earlier said that PLDT was in talks with Japan's Nippon Telegraph and Telephone, and other prospective investors for the sale of its stake in the data center business.He added that the data center sale aims to reduce PLDT's debt, which amounted to P242.2 billion as of end-March 2024.At present, VITRO operates 10 facilities with a combined capacity of 50 megawatts and is building its 11th data center in Santa Rosa, Laguna.
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Source: MlaStandard - 🏆 20. / 55 Read more »