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PLDT Inc. said Tuesday it terminated negotiations with Japan’s Nippon Telegraph and Telephone for the sale of a 49-percent stake in its data center business.
“If you give up majority, then our revenues will drop by P6 billion,” Pangilinan said. “The data center is important to us. So, why should we agree? Just because somebody tells you?” Pangilinan said.“Well, I think the best way to describe this is that we’re still under discussion with one particular potential investor for the data center,” he said.
He said the data center sale aimed to reduce PLDT’s debt amounting to P265.4 billion as of end-June 2024.
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