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Philippine Telco PLDT Said to Mull $500 Million Data-Center Sale

  • Makati-based firm working with JPMorgan on potential deal
  • Company has 10 data centers with a combined 72MW capacity

PLDT Inc., one of the biggest telecommunications and digital services providers in the Philippines, is working with JPMorgan Chase & Co. on the potential sale of its data centers, according to people with knowledge of the matter.

A deal for the assets could be worth as much as $500 million, the people said, asking not to be identified because the information is private. Separately, PLDT is also weighing disposing of its towers in an $800 million sale and leaseback arrangement, Bloomberg News reported in July.